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.
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By the numbers: Huntington Bancshares completes Cadence Bank acquisition
The UK Mortgage Charter 2026 sets new lender standards to give borrowers short‑term payment flexibility as mortgage rates climb. The government, acknowledging concerns from families and businesses, convened a meeting with lenders representing 75% of the market and UK Finance. Lenders have reaffirmed their commitment to the Charter, promising practical support amid global market volatility and the Iran conflict. The initiative aims to preserve the market’s resilience while protecting borrowers nearing the end of fixed‑rate deals.
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...
The Trump administration has pledged to retain the implicit government guarantee for Fannie Mae and Freddie Mac, but experts warned that the guarantee has never been paid for by taxpayers. A panel at the American Enterprise Institute highlighted that the...
In February, 30‑year fixed mortgage rates slipped below 6%, pulling the industry average to 5.98% and nudging the Mortgage Bankers Association's Purchase Applications Payment Index (PAPI) down to $2,061. The modest decline reflected lower borrower payments despite slightly larger loan...
Big banks are steering clear of public blockchains, opting to develop private, permissioned networks that restrict data visibility. DRW founder Don Wilson argued that full transparency conflicts with fiduciary duties, exposing trade strategies and causing price impact. While Ethereum and...
Stablecoins pegged to currencies other than the U.S. dollar are gaining traction, with the non‑USD segment reaching about $1.1 billion in February—tripling over three years. Euro‑pegged EURC dominates this space, handling over 90 % of transfer volume, while half of holdings sit...
London‑based Allegro Finance has unveiled a $500 million credit facility for film and television production, backed by a joint venture with Elliott Advisors UK. The move positions Allegro as a dedicated non‑bank lender seeking to reshape financing for global screen projects.
In 2025 Dutch consumers used smartphones and smartwatches for mobile payments more often than debit cards, according to Betaalvereniging Nederland. Nearly six out of ten debit‑linked transactions were made via a mobile device, up from four out of ten in...
United’s co‑branded United℠ Business Card has launched a limited‑time welcome offer of 100,000 MileagePlus bonus miles and 2,000 Premier Qualifying Points after $5,000 spend within three months. The card carries a $150 annual fee but provides a $125 United travel...
Redesign Work, Realize AI: How Banks Must Measure and Reorganize to Turn AI from Experiments into Durable ROI Stop measuring training completions. Start measuring: cycle time, cost-to-serve, throughput, risk outcomes. Three-dimension framework: capability adoption (role-specific literacy, agent management) + workflow transformation...
India’s securities regulator SEBI has launched a review of HDFC Bank’s compliance with disclosure rules after former chairman Atanu Chakraborty resigned abruptly. The resignation letter, citing ethical concerns, triggered an 8.7% plunge in the bank’s shares, erasing roughly ₹1.35 trillion (about...
Bluefin Payment System launched BluePOS, a new payment application built on its PayConex gateway for Android point‑of‑sale devices from PAX Technology. The software handles core transaction functions—authorizations, refunds, voids, tipping, receipts and contactless payments—while allowing Bluefin to develop and update...
On 26 March 2026 the European Parliament approved the crisis management and deposit insurance (CMDI) package, bundling the Bank Recovery and Resolution Directive, the Single Resolution Mechanism Regulation and the Deposit Guarantee Schemes Directive. The reforms broaden the resolution framework...
On 26 March 2026 the Bank of England and the Prudential Regulation Authority issued three policy statements that overhaul resolution‑related reporting and Pillar 3 disclosure rules. The MREL reporting templates are streamlined, with the MRL002 forecast template removed and the MRL001...
Lorum, founded by fintech veteran George Davis, is a specialist correspondent institution that offers a single‑API gateway to global payment rails, settlement and treasury services while keeping client funds on a 100% reserved basis. The firm deliberately avoids lending or...
Central Bank of Nigeria Governor Olayemi Cardoso reaffirmed the regulator’s commitment to ongoing reforms, highlighting eleven straight months of disinflation and a newly liberalised foreign‑exchange market that no longer requires intermediaries. He noted that 32 banks have satisfied the latest...
Extend, an AI‑driven spend and expense platform, announced native integrations with Sage Intacct, Xero and Microsoft Dynamics 365 Business Central, adding to its existing support for QuickBooks and NetSuite. The new ERP connections enable two‑way data synchronization and automated reconciliation, cutting...
Italian payments leader Nexi has deepened its collaboration with three major Danish banks to roll out SEPA Direct Debit services across the Eurozone. The expanded partnership will enable merchants in Italy, Denmark and the wider EU to initiate and settle...
Globacom’s MoneyMaster Payment Service Bank (MMPSB) has rolled out a refreshed mobile banking app that features a cleaner visual design and streamlined menus for account and denomination selection. The update introduces logical tabs—hot, daily, weekly, monthly, exclusive and special—to organize...
DBRS Ratings GmbH issued a fresh credit rating report for Belgium‑based Belfius Bank SA/NV and its financing subsidiary on March 18, 2026. The agency affirmed an A long‑term issuer rating and an R‑1 low short‑term rating for both entities, with...
CyberProof reports a 8‑10% surge in PXA Stealer attacks on financial institutions during Q1 2026, positioning the malware as the successor to takedown‑prone infostealers like RedLine and Lumma. The campaign spreads through convincing phishing emails that mimic tax forms, legal notices, or...
Morgan Stanley has filed with the NYSE to list the Morgan Stanley Bitcoin Trust (MSBT) under ticker MSBT, indicating a spot Bitcoin ETF launch is imminent. The bank’s wealth‑management division oversees roughly $8 trillion in assets, and its internal allocation framework...
National Savings and Investments (NS&I) will pay up to £476 million (approximately $595 million) to bereaved families after an operational failure left around 37,500 deceased customers' accounts untraced. The Treasury has asked NS&I to release a detailed remediation plan in May, outlining...
StoneX Group Inc. (NASDAQ:SNEX) launched a new Securitization Banking, Lending & Capital Markets platform, extending its fixed‑income expertise into structured finance. The platform will offer tailored capital‑market solutions, lending services, and investment opportunities across traditional and emerging asset classes. Led...
Bank credit growth seems to be back big time, with 15% growth at the end of Feb. While we have a global crisis on, the indicators earlier did see good signs. It could suck for a few months, but I...
Stripe’s MPP vs Coinbase’s x402. Two very different visions for agent payments. Which model wins? https://t.co/9SSDq5hVSn
Dubai has surged to seventh place in the Global Financial Centres Index, its best ever position and the highest for any Middle East, Africa or South Asia hub. The rise reflects rapid growth at the Dubai International Financial Centre, drawing...
Technology alone won’t future-proof your institution. You need strategic thinkers who can anticipate change, not just react to it. Download the State of Digital Lending report: https://t.co/0wah7wPuXN https://t.co/Vo5PYR9wWL
Stripe. Coinbase. Visa. Everyone is building for AI agents. Now LIVE on Unchained, we unpack the battle for the payment layer of the agent economy. https://t.co/meE1SvxnF0
Z/Yen’s Global Financial Centres Index 39 confirms New York City as the top financial hub, with London holding a close second. The top five cities are separated by just one rating point, while Dubai and Tokyo break into the top ten, pushing...
The Battle for Payments in the Agent Economy w/ Noah Levine & Robbie Petersen https://t.co/9SSDq5hVSn
Federal Reserve Governor Michael Barr warned that the escalating Iran war could lift oil and gasoline prices, keeping inflation above the Fed’s 2% goal and delaying any further rate cuts. The comment adds a geopolitical layer to the Fed’s dual‑mandate...
Bank of America is deploying AI‑driven tools integrated with Salesforce and Zoom to all 25,000 Merrill Lynch advisors and 4,800 private bankers. The suite automates meeting preparation, real‑time summarization, follow‑up tasks and daily planning, shrinking prep time from roughly 45 minutes...
In this episode of Payments Journal, host Rima Katz talks with Dal Sahota of LSEG Risk Intelligence and Suzanne Sando of Javelin about the rising emotional and behavioral toll of financial fraud worldwide. Their research shows that 71% of adults...
KeyBank teamed with fintech Qolo to launch a real‑time virtual account management (VAM) platform that sits atop the bank’s legacy core. The solution gives corporate treasurers instant sub‑account creation, consolidated balance visibility and API‑driven data flows. In its first year...
The U.S. Securities and Exchange Commission has opened a formal inquiry into Egan‑Jones, a niche credit‑rating firm that underpins much of the private‑credit market, questioning whether its ratings are produced with integrity. At the same time, a wave of redemption...
National Savings & Investments (NS&I), the Treasury‑backed savings bank serving over 24 million customers, is facing accusations that it failed to pay death‑benefit premiums to roughly 37,000 bereaved families. The dispute could result in compensation running into the hundreds of millions...
The Treasury released minutes from the CCP Resolution Liaison Panel (RLP), a body created under paragraph 10 of Schedule 11 to the Financial Services & Markets Act 2023. The RLP advises the Treasury on how the new CCP resolution regime affects clearing houses,...
Morgan Stanley has deployed a GitOps workflow powered by Flux to operate 500 production Kubernetes clusters, hosting roughly 100,000 containers on 2,000 nodes. The bank needed a unified, auditable process to meet stringent regulatory and security mandates while scaling its...
🇳🇴 Norges Bank hawkish pivot charted. The policy rate is expected to be raised "at one of the forthcoming meetings" assuming the economy "evolves broadly as currently envisaged". https://t.co/3LIbGfEvOW
President Vladimir Putin signed a decree that, effective April 1, 2026, prohibits individuals from exporting cash rubles worth more than $100,000 to Eurasian Economic Union (EAEU) members. Legal entities and individual entrepreneurs are barred from any cash export, with limited...
Arbuthnot Banking Group announced full‑year earnings of £17.81 million ($22.6 million), a 28% decline from the prior year, while revenue fell 3.6% to £148.37 million ($188.4 million). The results underscore mounting pressure on UK regional banks from higher funding costs and digital competition.
Certificate of deposit (CD) rates remain elevated, with the top offering a 4.1% APY on an 11‑month term from Capital One and no minimum deposit. Online banks are also posting rates above 4% APY, outpacing traditional savings accounts. The Federal...
High‑yield savings accounts remain a strong option for consumers, with the top rates hovering around 4% APY as of March 26 2026. SoFi and Valley Bank Direct currently lead the market, each offering a 4% annual percentage yield. Rates have been trending...
President Trump issued a March 13 executive order urging the Consumer Financial Protection Bureau to revisit the Ability‑to‑Repay and Qualified Mortgage rules so smaller banks—those under $100 billion and community banks under $30 billion—can more easily compete in the mortgage market. The CFPB...
Community banks and credit unions are adopting artificial intelligence to streamline back‑office tasks, not replace staff. AI instantly gathers and verifies loan documents, cutting processing time from days to minutes while keeping human bankers in charge of relationship‑focused advice. The...
DNB, Norway's largest bank, has teamed up with fintech firm Two to launch an AI‑driven platform for B2B payments across the Nordics. The collaboration will embed machine‑learning fraud detection, real‑time invoice reconciliation, and predictive cash‑flow insights into DNB's corporate banking...
🚨 LATEST CEO of the largest custodian bank in the world BNY Global, Robin Vince, says large banks will drive the next phase of crypto adoption, positioning traditional financial institutions as the bridge between digital assets and mainstream finance. https://t.co/T3ACuwzQl0
Britain’s central bank completed a nine‑year, £431 million (≈$540 million) overhaul of its Real‑Time Gross Settlement system, delivering a resilient, interoperable platform that processes about £800 billion (≈$1 trillion) of payments daily. The National Audit Office praised the project for value for money despite...
Some UK lenders have withdrawn their entire range of new mortgage deals amid heightened Gulf conflict. Swap rate volatility pushed average mortgage rates up to 5.5% from 4.91%, with two‑year fixed rates hitting 5.56% and five‑year at 5.54%. Clydesdale Bank,...
