G7 leaders aim to prioritize the Ukraine war, with Donald Trump suggesting the US may soon reinstate sanctions on Russian oil. Meanwhile, Ukraine reports a bomber crash and Russian strikes kill at least eight people across multiple regions. A Russian artist critical of Putin was killed in Poland.
Crimea has banned nighttime rides on mopeds, quad bikes, and motorcycles, citing their noise resemblance to drone attacks and alleging children are deliberately involved. Ukraine has intensified drone attacks on the peninsula, impacting supply routes and fuel availability. Meanwhile, a Ukrainian drone hit a Moscow refinery, halting operations, and Russia's strikes killed at least eight people across Ukraine.
BPER CEO Gianni Franco Papa commented on the offer for MPS, stating it confirms the dynamism of the Italian banking sector and opens a new phase of consolidation. He expressed pride and confidence in BPER's future, potentially positioning the group as a key player in the evolving scenario.
Turkey's banking sector experienced a significant increase in total loan volume, reaching 26 trillion lira, while total deposits also rose to 29.6 trillion lira as of June 5. Consumer loans and non-performing loans also saw increases.
Russia's banking sector could see its number of institutions drop below 300 by the end of 2026, according to Marina Chekurova, CEO of Expert RA rating agency. She noted that while large-scale purges are over, licenses are being revoked selectively, and the importance of smaller banks is growing.
Russia's banking sector is projected to net 3.7-3.9 trillion rubles ($51.3-$54.1 bln) in 2026, driven by lower key interest rates boosting lending and positive revaluation of debt securities, according to Expert RA CEO Marina Chekurova.
The stablecoin market has grown to $322 billion, driven by demand for real-time settlements and cross-border transfers, but its expansion threatens traditional banking by disintermediating core deposits and payment relationships, prompting banks to develop tokenized deposit systems.
The IMF has classified Lebanon's banking crisis as 'systemic,' aligning it with 13 other countries. This classification is expected to guide reforms and rescue plans for Lebanon's financial sector, aiming for a fairer distribution of responsibilities and a path to economic recovery.
Italian ministers discuss electoral law reform and Marina Berlusconi's political future. The banking sector's health is highlighted, with calls for an EU economic emergency plan. Romano Prodi comments on Germany's rearmament, its impact on Europe, and the current Italian government's weakness, while ruling out his own return to politics.
Turkey's banking sector experienced a 45.67 billion lira increase in total credits, reaching 25.67 trillion lira by May 15. Total deposits rose by 523.4 billion lira to 29.61 trillion lira. However, consumer loans decreased by 19.5 billion lira to 3.21 trillion lira.
Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lendersThe boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget following strong lobbying by the banking sector. Continue reading...
Bank greenlit construction of the Canary Wharf tower last November after Rachel Reeves’ budget spared lenders tax hikes The boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget, after strong lobbying by the banking sector. Continue reading...
A White House digital assets official has slammed the traditional banking sector's continued opposition to the proposed stablecoin yield compromise in the CLARITY Act. On April 17, Patrick Witt, the executive director of the White House Presidential Advisory Committee on Digital Assets, accused the financial institutions of “greed or ignorance” due to their intensified lobbying […] The post White House tells “greedy” banks to “move on” from CLARITY Act stablecoin yield fight appeared first on CryptoSlate.
