Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
India plans stake sales in four state-run banks to 75% and a fresh consolidation round
The government is considering cutting its holdings in four public sector banks to 75% through an offer for sale, with the first phase of the exercise expected to be completed within a year.
FirstRand Bank redeems R2 500 000 000 of FRB31 Tier 2 notes early
FirstRand Bank Limited will reduce the nominal amount of its FRB31 Tier 2 notes from R2 500 000 000.00 to R0.00, with payment and early redemption on 24 November 2026.
Swedbank reports third-quarter net profit down 3% at 8.25 billion Swedish crowns
Net profit fell from 8.51 billion crowns a year earlier, in line with analyst forecasts, while net interest income rose 7% to 11.57 billion crowns but missed estimates.
EBRD and IFC each agree to take up to 15.74% of Banque du Caire private placement
Each institution will participate in the private placement tranche with a stake of up to 15.74%, with the number of shares set by the final offering price and the book-building mechanism.
ADCB reports record third-quarter pre-tax profit of AED 4.063 billion, up 28%
Abu Dhabi Commercial Bank's profit before tax rose 28% year on year in the third quarter of 2026, extending its run of profit growth to 21 consecutive quarters.
Eastern Libya parliament accepts central bank governor Issa's resignation in principle
Libya's eastern-based parliament has approved Naji Issa's resignation in principle and named board member Fowzi Musbah Abukhzam to the position, while a High Council of State deputy has asked Issa to stay on.
Bank of Singapore sets up sustainability advisory team for UHNW clients under Christine Cheong
Bank of Singapore has launched Sustainability Partners, a team within its chief investment office led by Christine Cheong, that will draw on OCBC Group experts across investments, businesses and multi-generational stewardship.
QNB Group raises QAR 750 million in second riyal Shogun bond from Japanese investors
The three-year transaction is the largest QAR-denominated Shogun bond issuance to date, following QNB Group's inaugural deal in the first quarter of 2025, and was arranged by SMBC.
Goldman Sachs launches Small Business AI Institute in $500 million programme expansion
The bank's Small Business AI Institute, part of a $500 million expansion of 10,000 Small Businesses, will work with Google, Anthropic, OpenAI and Meta to provide AI training and tools to entrepreneurs.
Barclays launches £500m share buyback as third-quarter pre-tax profit rises 12% to £2.3bn
Barclays announced a £500m share buyback as third-quarter pre-tax profit rose 12% to £2.3bn, missing analyst expectations of £2.4bn, with strong equities income offsetting weaker fixed income.
Euroclear appeals Russian ruling on €200.1 billion claim, with hearing on 22 October
The Moscow District arbitration court hears Euroclear Bank's cassation appeal on 22 October against a ruling on the Bank of Russia's €200.1 billion claim, which an appellate court left in force in July.
Saudi National Bank’s nine-month profit rose 4.6% to SAR19.48 billion
Saudi National Bank’s net profit increased 4.6% to SAR19.48 billion in the first nine months of 2026, supported by higher operating income and sharply lower expected credit-loss provisions.