The Global Banker — Banking Industry News & Intelligence
Regulations
Spain amended financial rules covering bank resolution and deposit guarantees
M&A
Türkiye Wealth Fund signed transfer deals for two participation banks
Latest News
HSBC set 2028 phase-out for fixed-pay allowances across senior staff
Ecobank signed CIPS memorandum to strengthen Africa-China renminbi payments connectivity
Spain amended financial rules covering bank resolution and deposit guarantees
Türkiye Wealth Fund signed transfer deals for two participation banks
QNB closed $2.5 billion syndicated facility backed by 25 banks
Byline agreed $87.9 million purchase of Illinois State Bancorp in Chicago
Côte d’Ivoire Treasury began regular bulk payments through BCEAO’s PI-SPI platform
Absa director Alpheus Mangale resigned from board and three committees
Singapore’s UOB and AWS signed exploratory ASEAN cloud technology agreement
Bank of Algeria tightened reporting rules for banks and payment providers
Bank NXT signed EGP2.1 billion facility for Egypt automotive expansion
QNB Egypt increased nine-month profit 26.3% to EGP28.05 billion as lending grew
FSB flagged cross-border stablecoin risks as market held near $300 billion
JPMorgan appointed Rob Sweeney global investment banking chair amid expansion
TD Bank received approval for C$10 billion Canadian share buyback
Brazil’s Pix surpassed one billion registered payment keys in September
Banque du Caire announced proposed 30% Egypt listing for November
Pakistan's financial inclusion index increased 1.4 points to 59.5 in 2025
MUFG appointed Kenjiro Horikawa to lead its Philippine banking operations
Vietnam capped AI-automated bank payments under new sector risk-management rules
Banking News
View All →HSBC set 2028 phase-out for fixed-pay allowances across senior staff
HSBC will end fixed-pay allowances from January 2028, shifting more senior-staff remuneration towards variable awards while keeping base salaries and its overall compensation approach unchanged.
QNB closed $2.5 billion syndicated facility backed by 25 banks
QNB closed a $2.5 billion senior unsecured syndicated term facility after commitments from 25 banks made the transaction twice oversubscribed, including $1.25 billion from nine Asian lenders.
Bank NXT signed EGP2.1 billion facility for Egypt automotive expansion
Bank NXT signed an EGP2.1 billion credit facility with Ezz Elarab Elsewedy Investments to fund automotive-factory expansion and construction of a new paint plant in Egypt.
QNB Egypt increased nine-month profit 26.3% to EGP28.05 billion as lending grew
QNB Egypt’s consolidated net profit rose 26.3% to EGP28.05 billion in the first nine months of 2026, while customer deposits climbed 22% to about EGP952 billion.
Executive Moves
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Absa director Alpheus Mangale resigned from board and three committees
Absa said independent non-executive director Alpheus Mangale resigned on 8 October, leaving its board and three committees after serving as a director since July 2023.
JPMorgan appointed Rob Sweeney global investment banking chair amid expansion
JPMorgan appointed Rob Sweeney as a global investment banking chair, giving the former Goldman Sachs and Sycamore executive senior coverage responsibilities across industries including consumer and retail.
MUFG appointed Kenjiro Horikawa to lead its Philippine banking operations
MUFG appointed veteran banker Kenjiro Horikawa as managing director and Philippines country head from 1 October, placing him over the group's Manila operations after its universal banking approval.
Eurogroup opened search for Isabel Schnabel’s ECB successor with October deadline
EXCERPT: Euro-area finance ministers opened the appointment process for Isabel Schnabel’s ECB board seat, requiring national nominations by 28 October before the Eurogroup returns to the vacancy in November.
TGB Magazine
Latest issueIssue 08
Q4 2026: Record profits, on a tightrope
The first half paid banks well for volatility, wealth and lending. The rate cycle has now turned, and the second half will test which of those engines keeps running.
In this issue
M&A
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Türkiye Wealth Fund signed transfer deals for two participation banks
Türkiye Wealth Fund signed agreements to transfer Ziraat Katılım and Halk Katılım shares into a common holding company, with completion planned by year-end after regulatory processes.
Byline agreed $87.9 million purchase of Illinois State Bancorp in Chicago
Byline Bancorp agreed to acquire Illinois State Bancorp for about $87.9 million, adding four branches and lifting the combined Chicago-area franchise to approximately $10.5 billion of assets.
Banque du Caire announced proposed 30% Egypt listing for November
Banque du Caire announced plans to sell a 30% stake through 4.575 billion existing shares, with subscriptions expected in late October and trading in November, subject to approvals.
Unipol received regulatory approval for de facto control of Italy’s BPER
The ECB and Bank of Italy authorised Unipol to exceed 20% of BPER’s capital and voting rights, enabling the insurer to acquire de facto control of the Italian lender.
Fintech
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Ecobank signed CIPS memorandum to strengthen Africa-China renminbi payments connectivity
Ecobank signed a memorandum with China's CIPS on 10 October to develop cross-border renminbi payment connectivity across the continent through its network spanning 34 African countries.
Côte d’Ivoire Treasury began regular bulk payments through BCEAO’s PI-SPI platform
Côte d’Ivoire’s Treasury began regular bulk payments through BCEAO’s PI-SPI platform, while the central bank said the seven other WAEMU treasuries would be integrated progressively.
Singapore’s UOB and AWS signed exploratory ASEAN cloud technology agreement
UOB and Amazon Web Services signed an exploratory agreement to assess a dedicated Singapore cloud environment supporting the bank’s hybrid infrastructure across five ASEAN markets.
Brazil’s Pix surpassed one billion registered payment keys in September
Brazil’s Pix reached 1.008 billion registered keys in September, while the central bank’s settlement system processed 7.1 billion inter-institution transactions worth about R$3.2 trillion during the month.
Regulations
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Spain amended financial rules covering bank resolution and deposit guarantees
Spain's Royal Decree 813/2026 updated anti-money-laundering and financial-market rules, including bank-resolution funding, deposit guarantees, a 3% takeover disclosure threshold and provisions for non-European dual listings.
Bank of Algeria tightened reporting rules for banks and payment providers
The Bank of Algeria issued three instructions requiring periodic digital reporting from banks, financial institutions and payment providers, with submissions due within 15 calendar days.
FSB flagged cross-border stablecoin risks as market held near $300 billion
The Financial Stability Board said global stablecoins carried cross-border liquidity, legal and operational risks, while their market value stood near $300 billion and 99% remained dollar-pegged.
Vietnam capped AI-automated bank payments under new sector risk-management rules
Vietnam's central bank capped AI-executed daily payments at VND100 million for individuals and VND500 million for organisations under banking rules effective 15 November, with existing systems due to comply by March 2027.