Keywords: Banking


David Martinez cuts Banco Sabadell stake after failed BBVA takeover bid

Mexican investor David Martinez has reduced his holding in Banco Sabadell, selling nearly 1.6% of the Spanish lender while remaining one of its significant shareholders following last year's unsuccessful takeover attempt by BBVA. Regulatory filings reviewed on Tuesday show that Martinez disposed......

Coca-Cola selects JPMorgan and Citi to lead India bottler IPO ahead of 2027 listing

Coca-Cola is moving forward with plans to take its Indian bottling business public, appointing JPMorgan and Citi to oversee the planned initial public offering (IPO) of Hindustan Coca-Cola Holdings in 2027, according to sources familiar with the process. The move represents a significant step in the......

Bank of Africa launches MCM 2026 campaign to support Moroccans living abroad

Bank of Africa has launched its MCM 2026 campaign, an initiative designed to strengthen its support for Moroccans living abroad by providing tailored banking services, investment opportunities, and personalized assistance before, during, and after their visits to Morocco. Built around the slogan "Wherever......

ICICI Bank beats forecasts as first-quarter profit jumps on strong lending growth

ICICI Bank reported a robust increase in first-quarter profit, surpassing market expectations as strong loan demand and lower provisions for potential bad loans boosted earnings. The results reinforce the strength of India's banking sector, where healthy credit growth and improving asset quality......

Fifth Third profit rises as higher interest income and fee growth strengthen quarterly results

Fifth Third Bancorp reported a sharp increase in second-quarter profit, supported by stronger net interest income and growing revenues from its capital markets and wealth management divisions. The performance highlights the continued resilience of regional banks in the United States as lenders adapt......

JPMorgan nears historic $1 trillion market valuation

JPMorgan Chase is approaching a historic milestone that could make it the first bank in the world to achieve a market capitalization of $1 trillion. The development highlights the institution's sustained growth and reinforces its position as the largest and most influential banking group in the United......

Germany signals no opposition to UniCredit takeover of Commerzbank despite concerns over approach

German Chancellor Friedrich Merz has clarified that the German government is not seeking to block UniCredit's proposed takeover of Commerzbank, while reiterating its reservations about the manner in which the Italian banking group has pursued the transaction. Speaking to reporters in Berlin on Wednesday,......

ECB officials urge caution on inflation as interest rate outlook remains flexible

European Central Bank policymakers have signalled a measured approach to future interest rate decisions, stressing the need to remain vigilant on inflation while indicating there is no immediate case for a rapid tightening of monetary policy. The comments, made on Wednesday, suggest that although inflation......

Angola adds Chinese yuan to bank reserves in move to diversify foreign currency holdings

Angola has officially added the Chinese yuan to the list of foreign currencies that commercial banks can use to meet mandatory reserve requirements, marking a significant step in the country's efforts to diversify its financial system and strengthen monetary stability. The decision, announced by......