Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Caixa employees launch open-ended national strike as Banco do Brasil faces partial shutdown
Employees at Caixa Econômica Federal began an open-ended national strike on Thursday after more than 90% of union bases rejected the state bank's collective agreement proposal, with 27 Banco do Brasil unions also walking out.
Credit Bank of Moscow classifies $8 billion of corporate loans as problematic
Credit Bank of Moscow disclosed that 671 billion rubles, or more than 27% of its corporate loan portfolio, was classified as problematic at the end of June, a 28% increase over six months.
HSBC confirms wind-down of German transaction services unit, cutting more than 300 jobs by 2028
HSBC confirmed on Wednesday it is winding down its German transaction services business, phasing out around 300 remaining roles at HSBC Transaction Services GmbH and a further 20 positions by 2028.
JPMorgan extends global corporate banking business to Greece after 25% EMEA staff build-out
JPMorgan said on Wednesday it had extended its global corporate banking business to Greece, appointing Konstantinos Makrydakis to lead large and mid-cap coverage after raising EMEA divisional headcount by 25% in two years.
UK banks escalate lobbying against budget tax rises as Dimon meets Burnham and Healey
Britain's banking industry intensified its campaign against Budget tax increases, with JPMorgan's Jamie Dimon meeting Prime Minister Andy Burnham and Chancellor John Healey on Wednesday after UK Finance wrote to him in August.
China's finance ministry leads 360 billion yuan capital injection into eight state banks, insurers
Eight state-owned Chinese financial institutions disclosed plans to raise or receive a combined 360 billion yuan, roughly $53.6 billion, with 300 billion yuan funded by special treasury bonds.
Deutsche Bank settles €152 million Frankfurt damages claim brought by former manager Schiraldi
Deutsche Bank said on Monday it had confidentially settled a €152 million damages claim from former manager Dario Schiraldi, three days before a Frankfurt trial that had threatened to embroil chief executive Christian Sewing.
Barclays launches Singapore booking centre, plans to more than double Singapore private banker headcount by 2030
Barclays said on Friday it would more than double the banker headcount in its Singapore private bank by 2030, launching a booking centre in the city-state as Asia-Pacific client assets head towards $154.3 trillion.
Egypt's banking sector net foreign assets rise to $28.418 billion in July, central bank data show
The Central Bank of Egypt reported banking sector net foreign assets of $28.418 billion in July 2026, up from $27.965 billion in June.
Saudi Arabia's Humain moves to raise $2.5 billion data centre fund under BSF Capital
Public Investment Fund-owned Humain is seeking an initial $2.5 billion from global and domestic investors for a BSF Capital-managed vehicle financing 250 megawatts of Saudi data centre capacity.
Asian banks resume Gulf lending in August as borrowers seek over $6.8 billion
Asian lenders resumed financing Gulf borrowers in August, backing deals for borrowers including Qatar National Bank, Boubyan Bank and Kuwait's sovereign wealth fund, with Gulf financing requests totalling more than $6.8 billion.
Chinese bank stocks extend record rally as MSCI gauge gains as much as 1.4%
The MSCI China Banks Index climbed as much as 1.4% to a record high on Tuesday, taking its year-to-date advance to roughly 18% after stronger interim earnings and higher dividend payouts.