Jamie Dimon, CEO of JP Morgan, revealed that the bank expects to spend up to <strong>$20 billion</strong> on acquisitions over the next two years. This announcement comes as the bank seeks to capitalize on available market opportunities.
HSBC, the largest bank in Europe, announced pre-tax profits of <strong>$9.4 billion</strong> for the first quarter, a slight decline from expectations. This drop was attributed to larger-than-expected credit losses and other write-offs.
China has instructed its banks to suspend loans to US refineries listed under sanctions. This decision reflects Beijing's response to US policies targeting its companies.
Recent surveys from the European Central Bank indicate a significant rise in inflation expectations, with one-year forecasts jumping to <strong>4%</strong>. Concurrently, banks have tightened lending standards more than anticipated.
Andrea Orcel, CEO of Unicredit, revealed details of his attempt to acquire Commerzbank, where the Italian bank holds nearly 30% of its shares. This move follows over 18 months of negotiations that have been rejected by Commerzbank's leadership.
Commerzbank, the German banking group, has officially rejected an acquisition offer from its Italian competitor UniCredit, citing a lack of value and undermining trust between the two parties. This decision comes amid significant volatility in European financial markets.
White House economists have stated that banning cryptocurrency companies from offering rewards on stablecoins will not significantly affect local banks. This assertion comes in a report released on Wednesday, highlighting the increasing conflict between the digital currency sector and traditional banks.
Wall Street banks have announced a financing deal worth <strong>€750 million</strong>, equivalent to <strong>$867 million</strong>, to support a transaction valued at approximately <strong>€1.5 billion</strong> between <strong>Eat Happy</strong> and sushi suppliers <strong>Hana Group SAS</strong> in Europe. This move aims to enhance collaboration between Asian and European companies in the food sector.
Goldman Sachs and Citigroup have directed their employees in Paris to work from home following security warnings from U.S. authorities about potential threats. This decision comes as concerns grow over possible attacks targeting financial institutions.
The People's Bank of China has announced the addition of 12 new banks as operators of the digital yuan, aiming to enhance the use of this digital currency in financial transactions. This move is part of China's efforts to expand the digital yuan's reach and strengthen its position in the global financial system.
The Central Bank announced that excess liquidity in banks reached approximately <strong>5 billion dinars</strong>, reflecting the stability of the financial system in the country. This excess liquidity indicates banks' ability to meet customer needs and enhance economic activity.
Libya has recorded a substantial rise in the amount of currency circulating outside the banking system, totaling approximately <strong>59 billion Libyan dinars</strong>, equivalent to <strong>9.25 billion dollars</strong>. This increase reflects ongoing economic challenges in the country.
PT Bank Rakyat Indonesia (Persero) Tbk announced that its platform Qlola by BRI has seen a 33% increase in users as of February 2026, with transaction volume reaching 2.141.37 trillion rupiah. This growth highlights the rising trend towards digital banking services.