Japan's Nikkei closed down 1.63% on July 8, 2026 after Tokyo Electron, Taiyo Yuden and Advantest tracked an overnight Nasdaq chip selloff triggered by Samsung earnings.
Category: Finance
China Holds Seven of the Top 10 World Banks Spots in 2026 Ranking
The Banker's 2026 Top 1000 World Banks shows Chinese lenders holding seven of the top ten spots, but the ranking editor warns state support is doing the heavy lifting.
South African Banks Pour Billions Into East Africa as Returns Diverge
Tanzania and Kenya's 2022-2025 returns of 59% and 36% beat South Africa's 24%, per BCG. South African banks have deployed nearly R18bn in 2026 East Africa deals.
Rate Cuts Are Squeezing Ghana’s Banks, and PwC Sees a Pivot Coming
PwC's 2026 Ghana Banking Survey warns that with interest income still nearly 70% of revenue, the sector's margin squeeze is set to deepen as the policy rate falls.
RBI Bars SMS Alert Fees: Banks May Lose Up to Rs 300 Crore in Fees
RBI bars banks from charging SMS alerts on June 24, cutting fee income up to Rs 300 crore. Telcos face a nearly 20% commercial SMS traffic wipe.
Revolut’s PRAGMA Foundation Model Unifies Banking’s AI Silos
Revolut's PRAGMA foundation model is trained on 24 billion banking events and shows a 64.7% lift in fraud recall, with a 2.3x gain on credit risk.
Asian Shares Rise on Tech as Goldman Revises Yen Forecast to 165
Asian shares rose on tech while oil slipped on OPEC+ supply. Goldman revised its yen target to 165 from 155, Seoul opened its won to 24-hour trading.
Cyprus Banks Sit on Record Deposits as New Lending Stays Tight
Cyprus bank deposits hit €58bn in May 2026, but lending growth runs at half the EU's loan-to-deposit pace. Here is what the IMF says is holding new loans back.
The City That Built American Banking Got Skipped at 250
Philadelphia funded the Revolution, gave America its first central bank, and birthed the first U.S. stock exchange. The 250th anniversary barely noted it; hometown banks are gone.
Bangladesh Banks Buy Government Securities as Private Credit Stalls
Bangladesh banks are parking funds in treasury bills after private credit growth slipped to 4.98% in May, a sign of a structural shift from interest income.