The Bank of England has begun a system-wide stress test of the $16tn private equity and private credit industries to assess how the sector would respond to a severe financial shock, marking the central bank’s most ambitious review of...
Its Canadian wealth management revenue was up 18% in the quarter from a year earlier. CIBC reported a rise in fourth-quarter profit that beat analyst expectations despite a slight increase in troubled loans in its Canadian division. The bank said it...
Momentum behind European unitranche deals held firm in the third quarter driven by the Benelux region, with debt funds maintaining their dominant position in the market, according to new data from investment bank Houlihan Lokey. The advisory firm’s latest MidCapMonitor...
Bain Capital has partnered with Sumitomo Mitsui Banking Corporation (SMBC) to launch a new European loan platform providing up to €1.5bn in senior secured credit to sponsor-backed firms across the continent. The firms will jointly govern the new vehicle, which...
BMO Financial Group raised its dividend as it reported a profit of $2.3 billion in the fourth quarter, boosted in part by a reduction in provisions for bad loans as it works to adjust its U.S. banking operations. The bank...
Imports worldwide worth $2,640 billion, or 11.1 per cent of total imports, were affected primarily by tariffs along with other trade measures introduced between mid-October 2024 and mid-October 2025 - more than four times the $611 billion coverage recorded...
Capital markets, wealth management, banking boost . Royal Bank of Canada handily beat analyst expectations as it reported record fourth-quarter results that showed rising profits across most divisions. Canada’s most valuable bank, and company, reported a profit of $5.43 billion in...
A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments. The...
The bank’s wealth management business earned $699M in the quarter. TD Bank Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago, weighed down by one-time restructuring charges. TD says its profit amounted to $3.28...
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks. Banks could give investors a clearer view on how they manage risks, such as those associated with changing interest rates, under a new model...
