National Australia Bank

National Australia Bank Ltd., known as NAB, is reportedly cutting jobs within its corporate and institutional division. This restructuring effort involves reorganizing several roles across the bank.

ANZ Group Holdings Ltd. and National Australia Bank Ltd. are among lenders funding Blackstone Inc.'s A$36 billion purchase of HSBC Holdings Plc's Australian retail loan portfolio, according to a report by the Australian Financial Review citing unnamed sources.

Standard Chartered is absorbing Zodia Custody's core business in digital asset consolidation, folding its regulated custody operations into Standard Chartered's existing Financing and Securities Services business. The deal is subject to regulatory approvals and will consolidate custody and eliminate operational overlap. Standard Chartered gains a consolidated client base and positions itself as one of the few global banks with a fully integrated, regulated crypto custody offering.

HSBC and National Australia Bank's earnings outlooks are being negatively impacted by risks stemming from the Middle East war. Geopolitical tensions in the region are raising concerns about potential economic disruptions affecting the lenders' performance.