Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Itaú Agreed R$1.17 Billion Lease for São Paulo Office Complex
Itaú agreed a ten-year lease worth about R$1.17 billion for the full Esther Towers complex in São Paulo, with phased occupation planned as construction is completed.
Bolivia Approved $1.9 Billion IMF Programme Before Final Board Review
Bolivia’s Congress approved a 36-month, $1.9 billion IMF programme, although the agreement still requires Executive Board approval and completion of agreed prior actions before funds can be released.
Jefferies-Linked Fund Alleged Radiant World Held Just $10,000 in Cash
A Jefferies-linked trade-finance fund alleged in court submissions that Radiant World may have held only $10,000 in cash despite audited accounts showing more than $200 million.
NSE’s $2.3 Billion IPO Reached Full Subscription on Second Day
India’s National Stock Exchange drew bids above the 88.6 million shares offered on the IPO’s second day, with the entirely secondary sale expected to raise about $2.3 billion.
Investec Forecast Higher First-Half Earnings as Southern Africa Offset UK Weakness
Investec forecast adjusted earnings per share of 41.7p to 43.3p for the first half, with Southern African profit growth expected to offset weaker UK banking and investment performance.
Raiffeisen Rejected Short-Seller Allegations as Austrian Bank Shares Fell Sharply
Raiffeisen Bank International rejected Grizzly Research’s allegations about Russia-related business as wrong and misleading, while its shares fell as much as 9.8% after publication on 17 September.
OCBC Signed New Ten-Year Cooperation Agreement With China’s Bank of Ningbo
OCBC and Bank of Ningbo signed a ten-year agreement covering wholesale banking and wealth management, while continuing a US$5 million training grant under the renewed partnership.
Crux AI Secured $22 Billion Bank Facility From International Lenders
Ten banks provided a $22 billion loan for Crux AI, the Blackstone and Alphabet-backed cloud venture, with Goldman Sachs, SMBC, Barclays, BNP Paribas and Scotiabank among the lenders.
World Bank Mobilised Record $112 Billion in Private Capital During 2026
The World Bank mobilised a record $112 billion of private capital in fiscal 2026, up from $35 billion in 2022, alongside $123 billion of its own financing.
Goldman Sachs Flagged Softer Third-Quarter Fixed-Income Trading and Higher Costs
Goldman Sachs chief David Solomon said third-quarter fixed-income trading was relatively softer, while non-compensation expenses were expected to rise by about $500 million from the second quarter.
Bradesco Raised R$6.5 Billion in First Capital Increase Subscription Stage
Brazil's Bradesco recorded R$6.5 billion of subscriptions in the first stage of its planned capital increase, leaving 202.38 million shares for a follow-on allocation between 21 and 25 September.
US DFC Approved $500 Million Facility to Expand Emerging-Market Trade Finance
The US International Development Finance Corporation approved a $500 million counter-guarantee facility with IFC that could support up to $20 billion of US exports to emerging markets.