Westpac fined A$26m over hardship delays
Westpac Banking Corporation must pay A$26m ($19m) in civil penalties after the Federal Court found it failed to deal with customer hardship applications…
27 May 2026
MUFG reviews Bank Danamon stake – report
Mitsubishi UFJ Financial Group is considering possible steps for its holding in PT Bank Danamon Indonesia, according to a Bloomberg report citing sources. The options under review include removing the bank from the market or reducing MUFG’s ownership…
27 May 2026
Retailer Pepkor sets April 2027 date for bank launch
Pepkor has revealed plans to start its banking business in April 2027, using its national store network to reach 1.8 million main banking customers within five years. Retail groups in South Africa…
26 May 2026
BNP Paribas expands ties with Mistral AI to boost generative AI capabilities
BNP Paribas has extended its partnership with Mistral AI for three years to significantly strengthen its generative AI capabilities. The French bank first began collaborating with Mistral AI in 2023…
26 May 2026
Lighter rules help US, UK banks add $1.3tn to balance sheets
Top banks in the US and UK increased their balance sheets by $1.3tn over the past two quarters, according to new research, as looser regulation in both markets gave lenders…
26 May 2026
Indian central bank sets up panel on quantum technology for financial sector
The Reserve Bank of India has constituted an eight-member committee to examine questions linked to quantum technology and draw up a roadmap and framework aimed at making India’s financial system…
26 May 2026
First Carolina commences US IPO process
First Carolina Financial Services, the parent company of First Carolina Bank, has submitted paperwork for a US initial public offering. The group operates across commercial banking, payments, consumer banking and wealth management. Keefe, Bruyette & Woods is the sole bookrunner…