Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
State Street shares fell as cash withdrawals tempered fee growth
State Street reported third-quarter earnings of $3.69 per share, but $62 billion of cash withdrawals reduced total net flows despite $68 billion of ETF inflows.
Morgan Stanley profit rose as equity trading revenue climbed 41%
Morgan Stanley reported third-quarter net income of $4.91 billion as equity trading revenue rose 41%, while wealth management attracted a record $232 billion of net new assets.
Bank of America profit fell as settlement charge offset revenue growth
Bank of America reported third-quarter profit of $6.9 billion as a $1.2 billion regulatory settlement charge outweighed an 8% rise in net interest income during the period.
Ghana's CalBank lifted nine-month profit 51% as net interest income strengthened
CalBank’s group profit after tax rose 50.6% to GH¢337.2 million over nine months, while net interest income increased 66.3% and impairment support fell sharply year-on-year.
IMF flagged AI, bond-yield and cyber risks to global finance
IMF said global finance remained resilient but vulnerable to an AI correction, higher sovereign yields and cyberattacks, while banks holding 22% of global assets had weak capital cushions.
Bank of Baroda vowed defence against Shetty’s $15 billion lawsuit
Bank of Baroda said it would defend a $15 billion damages suit filed by NMC founder B.R. Shetty, while saying it had not been served and the allegations remained untested.
Absa index found African financial markets improved as liquidity remained thin
Absa and OMFIF found that 21 of 29 African markets improved in 2026, lifting the average index score to a decade-high 56 even as trading liquidity remained constrained.
BBVA began €1 billion second tranche of Spanish share buyback programme
BBVA began the second €1 billion tranche of its extraordinary share buyback programme on 14 October, launching the remaining half of its planned €2 billion capital return.
ADIB set November timetable for AED1.75 billion UAE rights issue
Abu Dhabi Islamic Bank set 10-24 November subscription dates for its AED1.75 billion rights issue, after securing regulatory approvals for up to 106.4 million new shares in total.
RBL Bank Profit Nearly Tripled as Loans and Deposits Expanded
RBL Bank’s September-quarter profit rose 170% as net interest income, advances and deposits grew, while bad-loan ratios improved from both year-earlier and June levels at the Indian lender.
Wells Fargo third-quarter profit rose 6% as loans and deposits expanded
Wells Fargo reported $5.95 billion of third-quarter net income, up 6% year on year, as average loans and deposits each expanded 11% despite higher credit provisions.
Citigroup third-quarter profit jumped 40% as services and wealth revenues grew
Citigroup reported $5.25 billion of third-quarter profit, up 40% from a year earlier, as services, wealth management and investment banking revenues all increased during the period.