Financials
Banks, insurance, asset managers, and other financial sector companies. Regulatory developments and sector trends.
FT: $6.9bn Russian payments processed via fintech A7, bypassing sanctions
A Financial Times investigation published 21 September 2026 reported that thousands of Russian payments totalling $6.9bn were processed through fintech intermediary A7 using allegedly forged documents; Standard Chartered and Citigroup were named as institutions that processed payments linked to the scheme.
India's NSE IPO closes at $2.3–2.4bn valuation with 5.7x oversubscription
India's National Stock Exchange completed its IPO at a $2.3–2.4 billion valuation, with the book-building period closing around 21–22 September 2026. The offering drew over $10 billion in bids at a 5.7x oversubscription rate, making it the largest share sale in India in 2026.
Airtel Money announces £6–7bn London Stock Exchange flotation, spinning off from Airtel Africa
Airtel Africa (AAL) announced a spinoff of its mobile payments subsidiary Airtel Money via a London Stock Exchange IPO valued at approximately $9 billion (£6–7 billion), with the listing date announced on 23 September 2026.