Top US banks unite on new tokenised deposit network
A group of top US banks, including JPMorgan and Citi, are forming a shared tokenised deposit network. The initiative will connect…
08 Jun 2026
Türkiye to merge three state-owned banks
President Recep Tayyip Erdoğan said Türkiye will combine its three state-owned participation banks, presenting the move as part of a broader effort to expand the role of interest-free finance in…
08 Jun 2026
Intesa counters Banco BPM with €30.6bn offer for Monte dei Paschi
Intesa Sanpaolo has put forward a cash-and-share offer worth €30.6bn ($35bn) for Monte dei Paschi di Siena after Banco BPM’s merger of equals proposal for MPS. Intesa said that, if…
05 Jun 2026
Japanese regional banks scale back in China and turn to Southeast Asia and India
Japanese regional banks are shrinking their operations in China and looking increasingly to Southeast Asia and India, Nikkei Asia has reported. The move comes as labour costs rise in China…
05 Jun 2026
Societe Generale sheds managerial posts in restructuring– report
Societe Generale is cutting management layers as chief executive Slawomir Krupa continues efforts to simplify the bank’s structure, reported Bloomberg. The changes are now taking place within the corporate and investment banking division,…
05 Jun 2026
HSBC Swiss unit under probe in Lebanese fund embezzlement case – report
French prosecutors have placed HSBC’s Swiss unit under preliminary charges over claims it assisted former Lebanese central bank governor Riad Salameh in the embezzlement of funds. Le Monde first reported…
05 Jun 2026
EU to defer banks’ market risk capital rules by three years
The European Commission is set to postpone by three years the rollout of a new market risk capital regime for banks, reported Reuters, as it waits to see how the US and…