Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Kasikornbank says Middle East war dents its asset quality prospects
Kasikornbank said the Middle East war had weighed on its asset quality outlook for the second half of the year, and it pledged proactive support and relief measures for affected customers.
Investec plc comes under scrutiny after loan deal and model resilience debate
AD HOC NEWS reported that Investec plc's stock drew attention after a loan deal highlighted questions about the resilience of its UK-South Africa banking model and investor scrutiny followed.
Italy's Monte dei Paschi is outflanked by rival bidders Intesa and BPM
Monte dei Paschi, which had returned from public ownership as an unlikely consolidator, was beaten to a deal by rival bidders Intesa and BPM, altering Italy's banking consolidation landscape.
Truist adds former Bank of America executive Cathy Bessant to board
Truist added former Bank of America technology chief Cathy Bessant to its board, expanding the bank's access to experienced fintech and strategy leadership after her 2023 retirement from BofA.
Bank of India sets up specialised Mumbai branch for partnership-led lending
Bank of India set up a specialised branch at Nariman Point in Mumbai to handle pool buyouts, co-lending, TReDS and supply chain finance as part of its partnership-led lending push.
Italy's Monte dei Paschi is outmaneuvered by rival bank bidders
Monte dei Paschi emerged from public ownership only to be targeted and ultimately threatened by takeover interest from larger rivals Intesa and BPM, undermining its role as an Italian consolidator.
Punjab & Sind Bank reports record FY26 profit and warns on MSME loans
Punjab & Sind Bank posted a record ₹1,322 crore profit in FY26 and said it kept close watch on its MSME loan book as the prolonged West Asia crisis may hit borrower cashflows.
Study finds half of US bank CEOs are older than 65
A Truist Securities study found that roughly half of US bank chief executives were older than 65, a marked shift from two decades earlier when fewer than 20 percent reached that age.
Monte dei Paschi of Italy returns to private control and attracts bidders
Monte dei Paschi emerged from public ownership and, after becoming an improbable consolidator in Italy, attracted rival acquisition interest from Intesa and BPM, prompting a fresh bidding contest.
India's banking stocks rise after RBI offers forex swap facility
Indian banking shares rose after the Reserve Bank of India announced a concessional foreign exchange swap facility for overseas borrowings with a minimum maturity of three years.
Intesa Sanpaolo presents $35.3 billion offer for Monte dei Paschi
Intesa Sanpaolo launched an unsolicited $35.3 billion bid to acquire Monte dei Paschi di Siena, arriving a day after Banco BPM proposed a merger of equals with the Italian bank.
Canara Bank's new CEO says he sets youth-focused deposit growth as priority
Canara Bank's new MD and CEO Brajesh Kumar Singh said his first priority was raising low-cost deposits and improving CASA to strengthen efficiency and appeal to younger customers.