Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Senegal and IMF Advanced Talks Toward New Support Programme After Washington Meeting
Senegal and the IMF said talks had advanced towards a new support programme after President Bassirou Diomaye Faye met Kristalina Georgieva, while debt treatment and fiscal sustainability remained unresolved.
World Bank’s IDA Priced $3 Billion Bond After US Registration Exemption
The World Bank’s IDA priced a $3 billion five-year bond on 15 September, attracting nearly $8 billion of orders in its first dollar issuance following a US securities-registration exemption.
Truist Agreed $5.5 Billion Auto-Loan Sale to Exit Near-Prime Lending Business
Truist agreed to sell $5.5 billion of auto loans representing substantially all Regional Acceptance assets, expecting $5.2 billion in net proceeds as it moved to exit near-prime lending.
First Abu Dhabi Bank Confirms $500 Million Five-Year Notes Issuance Under EMTN Programme
FAB's regulatory filing confirmed a $500 million five-year note due 2031 at a 5.456% coupon, after orders topped $1 billion.
South Africa Signs $1 Billion, 16-Year Loan With New Development Bank for Municipal Infrastructure
South Africa's National Treasury signed a $1 billion, 16-year loan with the New Development Bank to upgrade municipal infrastructure.
Citigroup Lifts Full-Year ROTCE Guidance Above 11%, Unveils $30 Billion Buyback Authorisation
Citigroup CFO Gonzalo Luchetti raised full-year ROTCE guidance above 11% and disclosed a new $30 billion buyback authorisation at Barclays' conference.
Deutsche Bank Buys Back 2.19 Million Shares in Latest Weekly Tranche of EUR 500 Million Programme
Deutsche Bank repurchased 2,192,965 shares between 7-11 September, taking total buybacks since 25 August to 5,121,715 shares.
Danske Bank Buys Back DKK 118.5 Million of Shares in Week 37 of DKK 4.5 Billion Programme
Danske Bank repurchased 317,832 shares worth DKK 118.5 million in week 37, lifting cumulative buybacks to DKK 2.51 billion.
Bank of America Sees Q3 Investment-Banking Fees of $1.6-$1.8 Billion, Reiterates $250bn Infrastructure Pledge
BofA's Brian Moynihan flagged a Q3 investment-banking fee dip at Barclays' conference while reiterating a $250 billion infrastructure commitment.
Mizuho Faced $100 Million Trade-Finance Exposure After Glencore Disputed Invoices
Mizuho Bank provided approximately $100 million of credit to Singapore commodity trader Radiant World against invoices that Glencore subsequently said it did not recognise.
Fitch Affirmed Eight Qatari Banks, Lifted Rating Watch Negative, Assigned Negative Outlooks
Fitch Ratings affirmed the long-term issuer default ratings of eight Qatari banks on 10 September, removing them from Rating Watch Negative and assigning Negative Outlooks that mirror the sovereign's AA/Negative profile.
China's Banks Shifted Into Government Bonds as Mortgage and Consumer Lending Contracted
Claims on the government reached 16.4 per cent of Chinese banks' total assets in July, up from 11.5 per cent five years earlier, as mortgage and consumer lending demand continued to weaken.