Banking 1 May 2026 - 5 May 2026

Patriot National Bancorp insider trade comes as $1 shares face reverse-split deadline
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Patriot National Bancorp insider trade comes as $1 shares face reverse-split deadline

Patriot National Bancorp closed Friday at $1.12, up 3.7%, after director Mario De Tomasi bought 85,000 shares at $0.96 each on May 27. Shareholders approved a reverse stock split of up to 1-for-20, with the board to decide timing and ratio. The company reported a first-quarter loss of $1.8 million, narrowed from $2.8 million a year earlier. Market cap stands at about $131.8 million.
June 1, 2026
HSBC Shares Tumble After Surprise $400 Million Private Credit Hit
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HSBC Shares Tumble After Surprise $400 Million Private Credit Hit

HSBC shares dropped 5.9% in London after the bank reported a $400 million loss tied to a fraud case involving loans to Apollo-backed Atlas SP and collapsed lender Market Financial Solutions. The loss made HSBC a major drag on the FTSE 100. Regulators are scrutinizing banks’ exposure to the $3.5 trillion private credit sector. HSBC raised its 2026 net interest income guidance but increased its expected credit loss forecast.
May 5, 2026
UK Stock Market Today: FTSE 100 Suffers Worst Day Since March as HSBC Shock Knocks Banks
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UK Stock Market Today: FTSE 100 Suffers Worst Day Since March as HSBC Shock Knocks Banks

The FTSE 100 fell 1.4% to 10,219.1 on Tuesday, its steepest drop since March, after HSBC posted a surprise $400 million loss tied to private credit exposure. Thirty-year gilt yields hit their highest since 1998 as energy prices and political uncertainty pushed borrowing costs higher. HSBC shares slid 5.9%, with other major UK banks also losing ground. Brent crude fell 3% but remained near $111 a barrel.
May 5, 2026
UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In
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UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In

UniCredit shareholders approved a capital increase of up to 6.7 billion euros to fund an all-share offer for Commerzbank. The formal exchange offer is set to begin May 5 and run for four weeks. Commerzbank criticized the bid, saying it offers no real premium and threatens its German corporate-banking model. UniCredit’s stake in Commerzbank recently exceeded 30% when including derivatives.
May 4, 2026
NatWest Profit Jump Runs Into a £140 Million Warning Before Tuesday Reopen
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NatWest Profit Jump Runs Into a £140 Million Warning Before Tuesday Reopen

NatWest reported a first-quarter pre-tax profit of £2.03 billion, up 12.2%, and raised its 2026 income outlook, but booked a £283 million loan impairment charge after cutting UK growth forecasts. Trading in NatWest is paused for the Early May Bank Holiday, leaving Friday’s stock drop as the last market signal. Investors are weighing stronger lending income against higher credit risk.
May 4, 2026
HSBC Holdings Plc’s Indonesia Exit Hands OCBC 336,000 Clients Before Earnings Test
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HSBC Holdings Plc’s Indonesia Exit Hands OCBC 336,000 Clients Before Earnings Test

HSBC will sell its Indonesian wealth and premier banking business to OCBC’s local unit, transferring 336,000 clients and S$6.6 billion in assets. The deal includes IDR89.8 trillion in assets under management and a small retail loan book. The price, not yet disclosed, will include a premium of up to S$480 million. OCBC expects to close the transaction in Q2 2027, pending conditions.
May 4, 2026
Lloyds Bank Is Closing 37 Branches Next Month as Digital Banking Push Faces Fresh Test
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Lloyds Bank Is Closing 37 Branches Next Month as Digital Banking Push Faces Fresh Test

Lloyds Bank will close 37 UK branches in June amid a broader shift to digital banking, weeks after a March app glitch exposed customer transaction data. The closures affect Lloyds, Halifax, and Bank of Scotland sites. Lloyds shares were not trading Monday due to the Early May Bank Holiday. The bank says falling branch use and customer demand for digital services drive the move.
May 4, 2026
Westpac Banking Corporation Earnings Preview: Why May 5 Could Move ASX Bank Stocks
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Westpac Banking Corporation Earnings Preview: Why May 5 Could Move ASX Bank Stocks

Westpac will report first-half results Tuesday as the Reserve Bank of Australia is expected to raise its cash rate to 4.35%. The bank said lending rose 4%, deposits 3%, and its credit impairment charge will be 10 basis points of average gross loans. The pending RAMS mortgage sale will cut net profit after tax by A$75 million. Westpac shares last closed at A$38.45, down from A$42.59 in April.
May 3, 2026
National Australia Bank Results Preview: NAB Shares Face Monday Test as RBA Hike Looms
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National Australia Bank Results Preview: NAB Shares Face Monday Test as RBA Hike Looms

National Australia Bank expects first-half credit impairment charges to rise to A$706 million, roughly double a year earlier, and will take a A$1.347 billion pre-tax software write-down. NAB will apply a 1.5% discount to its dividend reinvestment plan to raise up to A$1.8 billion. The bank reports results Monday, a day before the Reserve Bank of Australia is widely expected to lift rates to 4.35%.
May 3, 2026
Macquarie’s Mortgage Surge Before Results: Why Australia’s Big Banks Are Watching
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Macquarie’s Mortgage Surge Before Results: Why Australia’s Big Banks Are Watching

Macquarie Bank added A$3.6 billion in household mortgages in March, the fastest monthly gain among Australian deposit-taking lenders, lifting its book to A$173.7 billion, according to APRA data. The increase comes days before parent Macquarie Group reports full-year results on May 8. Australia’s total mortgage market reached A$2.46 trillion in March despite higher interest rates and new lending caps.
May 3, 2026
Commonwealth Bank Lifts Term Deposit Rate Before RBA Decision — But ANZ Still Pays More
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Commonwealth Bank Lifts Term Deposit Rate Before RBA Decision — But ANZ Still Pays More

Commonwealth Bank of Australia raised its 12-month term deposit special to 5.20% per annum from May 1, just ahead of the Reserve Bank’s May 5 rate decision. ANZ leads major banks at 5.25% for a similar term. A Reuters poll found most economists expect the RBA to lift the cash rate to 4.35%. CBA shares closed Friday at A$173.04, down 0.36%.
May 3, 2026
JPMorgan, Citi Governance Spotlight Widens After $52 Million Banker Hire and Lawmaker Stock Sale
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JPMorgan, Citi Governance Spotlight Widens After $52 Million Banker Hire and Lawmaker Stock Sale

Citi’s hiring of former JPMorgan banker Viswas Raghavan is under scrutiny after reports said JPMorgan had decided he had no long-term future there due to management concerns. Citi disputed the characterization of its hiring process. Separately, Rep. Lizzie Fletcher disclosed selling up to $15,000 in inherited JPMorgan shares. U.S. markets were closed Saturday.
May 3, 2026
Barclays PLC’s $800 Million Best Egg Deal Lands as Credit Risk Clouds U.S. Lending Push
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Barclays PLC’s $800 Million Best Egg Deal Lands as Credit Risk Clouds U.S. Lending Push

Barclays PLC has completed its $800 million acquisition of U.S. online lender Best Egg, folding it into Barclays Bank Delaware while keeping the brand. The deal closed May 1, days after Barclays reported a £228 million impairment tied to Market Financial Solutions and announced a £500 million share buyback, below analyst expectations. Barclays shares closed at 433.75 pence in London on May 1, up 0.53%.
May 2, 2026
HSBC Earnings Loom: Dividend Decision and Asia Growth Put Bank Rally to Test
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HSBC Earnings Loom: Dividend Decision and Asia Growth Put Bank Rally to Test

HSBC will report first-quarter earnings on Tuesday, with investors focused on a possible interim dividend and the bank’s ability to sustain recent share gains. Shares closed Friday at 1,359.40 pence. Two senior executives acquired shares through automatic dividend reinvestment, according to a Friday filing. Peer banks NatWest and Standard Chartered posted profit gains but took impairment charges linked to the Middle East conflict.
May 2, 2026
Westpac Banking Corporation Earnings Preview: $75 Million RAMS Hit, RBA Rate Hike and Bad-Debt Watch
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Westpac Banking Corporation Earnings Preview: $75 Million RAMS Hit, RBA Rate Hike and Bad-Debt Watch

Westpac raised provisions for bad debt to their highest since COVID-19 after Middle East-linked energy shocks hit Treasury and Markets income. The bank reports first-half results Tuesday, as the Reserve Bank of Australia is widely expected to raise rates. Westpac flagged 4% lending growth, 3% deposit growth, and a A$75 million net profit hit from the RAMS mortgage sale. Peers ANZ and NAB also reported higher credit impairment charges.
May 1, 2026
Macquarie’s Mortgage Surge Before Earnings: Why Australia’s Big Banks Are Watching
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Macquarie’s Mortgage Surge Before Earnings: Why Australia’s Big Banks Are Watching

Macquarie’s banking arm posted the fastest March home-loan growth among Australian deposit-taking institutions, adding A$3.6 billion, or 2.1%. Its mortgage book rose 27.1% over 12 months, reaching a 7% market share. The data comes ahead of Macquarie’s full-year results on May 8. Higher interest rates and APRA lending caps continue to restrain overall loan growth.
May 1, 2026
National Australia Bank Limited Faces a 72-Hour Test as NAB Results, Bad-Debt Charges and RBA Rate Risk Converge
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National Australia Bank Limited Faces a 72-Hour Test as NAB Results, Bad-Debt Charges and RBA Rate Risk Converge

National Australia Bank will report first-half earnings May 4, with A$706 million in credit impairment charges and a software amortisation charge of A$1.347 billion before tax. NAB shares closed at A$39.83 Friday. The bank said capital buffers fell by about 20 basis points, and it may raise up to A$1.8 billion through a dividend reinvestment plan and partial underwriting.
May 1, 2026
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