Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
ICBC, ABC and PICC disclose 1,358 penalties as 275 billion yuan placements clear inquiry
The three central financial enterprises disclosed 1,358 penalties for 1 January 2023 to 30 June 2026 and said none poses a substantive legal obstacle to placements of up to 275 billion yuan.
Japanese Bankers Association picks SMBC's Fukutome as next chair
The Japanese Bankers Association has informally chosen SMBC president Akihiro Fukutome, 63, for a one-year term from April next year, his second as chair, succeeding Mizuho Bank's Katsuhiko Kato.
Morgan Stanley posts 6.5% rise in third-quarter profit to $4.91 billion
Net profit reached $4.91 billion as equities trading revenue rose 41% to $5.8 billion, while fixed income trading revenue fell 7% to $2.01 billion in the third quarter.
Central Bank of Libya opens subscription for 34th Mudaraba certificate issue
The Central Bank of Libya's Issue No. 34 of 2026 comes eight days after Issue 33, giving commercial banks another round of unrestricted Mudaraba Deposit Certificates to subscribe to.
QIB nine-month profit rises 2.0% to QR3.53bn as financing assets grow 21.9%
Qatar Islamic Bank's nine-month net profit rose 2.0% to QR3.53bn, while financing assets grew 21.9% year on year, far faster than the 8.3% rise in customer deposits.
Moody's cuts Nordea's senior unsecured debt rating to Aa3 from Aa2
Moody's lowers Nordea's senior unsecured debt rating to Aa3 from Aa2, citing an expected weaker level of bondholder protection in a banking crisis, while it affirms the Aa1 deposit rating.
Citigroup beats third-quarter profit estimates on investment banking strength
Citigroup's third-quarter earnings per share topped analyst forecasts, helped by investment banking, wealth management and multinational client business, though shares fell after the results.
IMF Found Zombie Firms Held 21.4% of Asia’s Corporate Debt
The IMF found that zombie firms accounted for 21.4% of corporate debt across ten Asian economies, more than double the share recorded before the global financial crisis.
Bessent Urged World Bank to End Upstream Oil Financing Ban
US Treasury Secretary Scott Bessent urged the World Bank to end its prohibition on upstream oil and gas financing while demanding procurement reform and sharper IMF scrutiny of global imbalances.
Qatar Islamic Bank’s Nine-Month Profit Rose 2% as Financing Expanded
Qatar Islamic Bank’s nine-month net profit increased 2% to QAR3.53 billion as financing assets climbed 21.9% year on year, while non-performing financing remained at 1.51%.
IMF Raised Asia’s 2026 Growth Forecast but Warned of Mounting Risks
The IMF raised its Asia-Pacific growth estimate for 2026 to 4.8%, while warning that energy shocks, higher bond yields and a possible AI correction could test the region’s resilience.
Nordea’s Third-Quarter Operating Profit Fell 4% as Lending Grew Across Markets
Nordea’s third-quarter operating profit fell 4% to €1.54 billion, missing analyst expectations, while net interest income increased 1% and the Nordic lender maintained its 2026 targets.