Know What's Happening in Banking
Know What's Happening in Banking
IndusInd Bank sees deposits dip 2.6% YoY while advances fall 8.7% in Q4FY26
IndusInd Bank reported total deposits of ₹4,00,178 crore, down 2.6% year‑on‑year, and net advances of ₹3,15,154 crore, down 8.7% YoY. Deposits rose 1.6% sequentially, indicating a modest recovery amid a cautious lending environment.
Also developing:
By the numbers: Huntington Bancshares completes Cadence Bank acquisition
Cross‑border payments are undergoing a fundamental shift as fintech innovators replace legacy banking corridors with real‑time, low‑cost networks. New infrastructure—blockchain ledgers, API‑driven platforms, and regulated e‑money licences—cuts settlement times from days to seconds. Traditional banks are partnering with or acquiring these challengers to stay relevant, while regulators are modernising rules to foster competition. The result is a more transparent, inclusive global payments landscape reshaping trade and remittance flows.
Lean Technologies has become the first firm granted a Major Payment Institution license by Saudi Arabia’s central bank, SAMA, to operate open‑banking services. The license transitions the kingdom’s open‑banking framework from a regulatory sandbox to a fully licensed commercial environment....
Here's a fun fact for you: it takes around four years for 50% of the market to switch to a new version of a $FICO score.
China’s four biggest state‑owned banks reported essentially flat earnings for 2025 as record‑low net interest margins and rising loan‑impairment provisions squeezed profitability. ICBC’s net income edged up 0.7% to ¥368.6 billion (≈$51 billion), while the sector’s combined profit rose 2.3% to ¥2.38 trillion...
Anti‑money laundering (AML) compliance is now a non‑negotiable requirement for mortgage lenders, who are classified as financial institutions under the Bank Secrecy Act (BSA) and the USA PATRIOT Act. Lenders must implement comprehensive programs that include Know‑Your‑Customer (KYC) checks, Customer...
Financial institutions must adopt comprehensive Anti‑Money Laundering (AML) programs to detect illicit activity, meet regulatory mandates, and protect their reputations. Core components include Customer Due Diligence, rigorous record‑keeping, suspicious activity reporting, and a dedicated AML compliance officer. Emerging threats such...
Mortgage rates have jumped from about 5.99% to roughly 6.38% according to Freddie Mac, nudging monthly payments higher and unsettling a market already wary of the spring buying season. The rise, driven by higher 10‑year Treasury yields, oil price volatility and...
The Institute for the Works of Religion (IOR) announced that Luxembourg banker François Pauly will assume the presidency of its Board of Superintendence on April 28. Pauly succeeds Jean‑Baptiste Douville de Franssu, whose tenure saw a sweeping reform of the...
BNY Mellon reported a record 2025 net income of about $5.3 billion, driving a nearly 40% share price increase and returning over $5 billion to shareholders through dividends and buybacks. Northern Trust posted solid revenue growth and a 2.5% dividend yield, though...
South Korean banks increased their lending rates for the fourth consecutive month in February, extending a credit‑tightening cycle that is pressuring both retail borrowers and commercial firms. The move reflects growing concerns over slowing growth and rising household debt, even...
Coinbase, mortgage platform Better Home & Finance and government‑sponsored Fannie Mae announced a pilot that lets homebuyers use Bitcoin or USDC as collateral for down‑payment loans. The product keeps crypto holdings intact, avoids taxable sales and marks the first integration...
On 26 March 2026 the European Securities and Markets Authority released official translations of its updated stress‑test guidelines under the Money Market Funds Regulation. The guidance seeks a common, uniform application of Article 28 across the EU. Sections highlighted in red become legally...
The UK Accelerated Settlement Taskforce, EU T+1 Industry Committee and Swiss Securities Post‑Trade Council have released a unified Testing and Readiness Plan for the Europe‑wide shift to T+1 settlement, slated for 11 October 2027. The framework consolidates testing windows, de‑risking metrics and...
On 26 March 2026 the UK government released a draft Money Laundering and Terrorist Financing (Amendment) Regulations 2026, translating the Treasury’s 2024 consultation into law. The proposal tightens customer due diligence for unusually large or complex transactions, converts euro‑based thresholds...
The Philippines is rapidly transitioning to a cashless economy, driven by e‑wallets, QR codes and online shopping. Alongside this shift, virtual credit products—instant, app‑based loans and digital credit cards—are gaining traction, with fintech platforms reporting double‑digit growth in approvals. Consumers...
Uncia, an AI‑native lending‑technology platform, closed a $3 million seed round led by Hyderabad‑based venture capital firm Pavestone. The capital will fuel accelerated growth in India and support expansion into the MENA region and North America. Founded in 2020, Uncia offers...
A South Asian financial institution was compromised by a custom malware suite that pairs the BRUSHWORM backdoor with the BRUSHLOGGER DLL side‑loader. BRUSHWORM provides persistence, modular payload loading, USB‑based worming and bulk file theft, while BRUSHLOGGER captures keystrokes with per‑window...
Lloyds Banking Group disclosed that a technical failure in its mobile app on March 12 exposed transaction data for nearly half a million customers across Lloyds, Halifax and Bank of Scotland. About 447,936 users saw rogue transactions, and 114,000 inadvertently...
Ping An Digital Bank unveiled a new brand identity that highlights its deep ties to Ping An Group and its integrated insurance DNA. The Hong Kong‑based digital bank now offers a single mobile‑first account that combines deposits, foreign exchange, wealth...
Shore Bancshares (NASDAQ:SHBI) outperforms Quaint Oak Bancorp (OTCMKTS:QNTO) across virtually all evaluated metrics. Shore delivers a 2.6% dividend yield with a modest 27% payout ratio, while Quaint Oak’s 1.0% yield is backed by a 133% payout, raising sustainability concerns. Profitability...
Alexander Hoare, an 11th‑generation partner at the 350‑year‑old private bank C. Hoare & Co, released *Impact Banker*, a memoir that blends business lessons with family‑wealth wisdom. He advises avoiding high‑profile, potentially volatile clients and focusing on long‑term bank health rather than flashy short‑term...
On 17 March the UK Prudential Regulation Authority released Consultation Paper CP5/26 to modernise the liquidity policy framework. The PRA proposes targeted, proportionate adjustments that focus on Pillar 2 risk management rather than increasing high‑quality liquid assets. Key proposals include assessing liquidity...
Historical recovery rates for middle market direct lending is 65% to 85%. Currently, if one assumes this recovery rate holds, listed BDCs trading at an average -25% discount to NAV imply a 34% to 79% cumulative default rate, which is 5x...
Reuters: "China is considering easing shareholding restrictions for some major investors, people with knowledge of the matter said, in a move aimed at broadening capital-raising options for commercial banks reeling from an economic slowdown." https://t.co/HCdl6eFRCX
JPMorgan Chase has opened an $8 billion junk‑bond offering to finance a $55 billion leveraged buyout of Electronic Arts, the biggest LBO‑related high‑yield issuance of 2026. The deal, led by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners, tests investor...
Too big to fail continues to grow. For community banks, it’s everything, everywhere, all at once.
SoFi Technologies was hit by a Muddy Waters short‑seller report accusing it of inflating loan profitability, which drove the stock down nearly 50% in a single session. The lender, which posted 41% year‑over‑year growth in deposits and adjusted revenue and...
Credit card delinquency starts when a payment is 30 days late, and after two consecutive missed payments the default is reported to the major credit bureaus. Reporting can shave up to 180 points from a consumer’s credit score after three...
Wells Fargo announced that its AI‑powered virtual assistant, Fargo, has completed over one billion transactions in under three years, while its mobile app now boasts 33 million active users. The bank credits convenience, speed and personalization for driving adoption, noting that customers...
Notre Dame Federal Credit Union and Catholic United Financial Credit Union have approved a merger that will take effect on April 1. The deal combines two sizable regional credit unions, expanding member services and sharpening competition in the Midwest cooperative banking...
During a March 26 House Financial Services subcommittee hearing, senior officials from the Federal Reserve, FDIC, OCC and NCUA outlined a shift in bank supervision toward risk‑based integration of financial technology. The agencies emphasized moving away from categorical caution, updating...
Malaysia is accelerating fintech innovation by bolstering secure, resilient digital payment systems. Key initiatives include quantum‑safe cryptography, stablecoin pilots, AI‑driven fraud detection, and RegTech automation. Universities such as Monash Malaysia partner with industry and regulators to develop talent and research....
Mastercard has engaged investment bankers to explore selling the real‑time payments business it bought from Denmark’s Nets in 2019 for $3.2 billion. The unit, which produces roughly $370 million in revenue and $100 million EBITDA, is expected to fetch a price below its...
FINRA has waived Morgan Stanley’s statutory disqualification that stemmed from its December 2024 $15 million SEC settlement over supervisory failures. The self‑regulatory body approved the waiver without a hearing, noting the firm’s adoption of a two‑year heightened supervision plan and remedial...
Federal Reserve Governor Stephen Miran urged a substantial reduction of the Fed’s balance sheet, proposing a cut of $1‑$2 trillion to restore a more neutral monetary stance. He suggested easing liquidity‑coverage‑ratio rules, destigmatizing repo and discount‑window facilities, and allowing securities to...
FinCEN’s new real‑estate transaction reporting rule, slated for March 1, 2026, was halted after federal courts in Florida and Texas issued opposite rulings on its authority under the Bank Secrecy Act. The Florida district court upheld the rule, while the Texas...
The Federal Reserve Board announced it has completed the joint findings with the Office of the Comptroller of the Currency required for the OCC to approve Morgan Stanley Bank, N.A.'s request for an exemption under Section 23A of the Federal Reserve...
Sen. Dick Durbin has reintroduced legislation that would empower the Consumer Financial Protection Bureau, the Department of Transportation and the Federal Trade Commission to regulate airline‑branded credit cards and rewards programs. The bill would force airlines to disclose the monetary...
![[Targeted] AmEx Offer: Use Apple Pay Three Times & Receive $10 Statement Credit](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2018/06/amex-offers.png)
American Express has re‑issued a targeted offer that grants a one‑time $10 statement credit once cardholders complete three purchases using Apple Pay on an eligible mobile device. The promotion, which cycles periodically, is currently active through May 21, 2026 for qualifying AmEx cards....
Hanover Capital provided a $25.8 million refinancing loan for Vorea Group’s 52,578‑square‑foot retail development at 10‑04 Borden Avenue in Long Island City. The property, opened in 2024, is 100 percent leased to experiential anchors iFly and Vibe Fitness. Hanover highlighted the asset’s proximity to...
Recent financial stress has spurred a wave of regulatory initiatives worldwide. In the United States, the Treasury signaled a possible reset of bank liquidity rules, including a review of the Liquidity Coverage Ratio and discount‑window caps. China’s CSRC introduced a...
Deann Bueligen is suing Nationstar Mortgage and the three major credit bureaus after her $180,000 rural mortgage was reported as a $4.2 million debt because an annual payment of $11,329 was mistakenly logged as a monthly amount. The misreporting, which persisted...
Italian fintech Opentech will power PayInit AG, a new peer‑to‑peer money‑transfer platform being built by Viseca Payment Services and Cornèr Bank. The solution leverages Opentech’s OpenPay Send technology to move funds across Mastercard and Visa schemes, linking cards, digital wallets,...
The Illinois Interchange Fee Prohibition Act (IFPA), passed in 2024 and slated for July implementation, will exempt taxes and tips from the standard 2% swipe fees that merchants pay on credit, debit, and gift‑card transactions. Proponents argue the measure reduces...
Moniepoint has secured a foothold in Kenya by acquiring a 78% stake in Sumac Microfinance Bank, gaining an immediate deposit‑taking licence. The acquisition follows a stalled attempt to buy Kopo Kopo and comes days after Moniepoint bought Nigerian restaurant‑software firm...
New Zealand’s proposed ban on in‑store credit‑card surcharges, slated for May, is effectively dead after the ACT Party withdrew its support. The legislation, introduced last year, faced opposition from Retail NZ, which warned businesses would shift costs to prices. While...
Ballard Spahr will release a Consumer Finance Monitor podcast episode featuring Max Dubin, Chief of Staff to the Acting Superintendent of Banking at New York’s Department of Financial Services (DFS). The conversation focuses on DFS’s upcoming regulation of the fast‑growing buy‑now‑pay‑later (BNPL)...
Thunes announced that its stablecoin payout service will operate over the SWIFT interbank messaging network. The solution enables banks linked to SWIFT to send near‑instant payments to more than 500 million stablecoin wallets in over 140 countries, currently supporting USDC and...
Compliance teams are drowning in false‑positive alerts generated by blanket mobile‑communication surveillance, a byproduct of post‑Dodd‑Frank regulatory pressure. A 2025 benchmark of over 200 leaders shows firms lose roughly $232,457 each year reviewing irrelevant messages. The overload forces officers to...
Investors focus too much on $KLAR loan losses provisions because of strong loan volume growth. They should focus more on $KLAR becoming a more efficient business by improving operating leverage. - Revenue per employee 3.6x from $344K to $1.24M. - The number of...
