Maybank’s net profit up 4% to $1.23b in H1

Loans increased in Malaysia and Singapore but fell in Indonesia. Maybank’s net profit rose 4% year-on-year to $1.23b in H1 2025, its latest financial results showed. Net operating income grew 3.2% to $3.64b. Profit before tax (PBT) increased by 3.2% to $1.68b...

Global ETFs hit record $17.34tn in AUM

Assets invested in the global ETF industry hit a new milestone with a record US$17.34 trillion at the end of July – surpassing the previous high of $16.99 trillion set just a month earlier. During July, the ETFs industry globally...

TD Bank posts $3.3B profit in Q3 as revenue rises

Bank continues recovery from anti-money laundering charges. TD Bank Group swung to a profit in its latest quarter compared to last year as it continues to restructure and recover from anti-money laundering failures. “This quarter, we made significant progress on our...

CIBC profit rises to $2.1 billion in third quarter

Jump in profits beats expectations as revenue also rises. CIBC reported a jump in profits that beat analyst expectations as its outgoing chief executive said thebankis well positioned to weather macroeconomic volatility ahead. “We’re moving ourbankforward, even as the operating environment...

The race is on in the direct lending market

Direct lending has exploded in recent years, boosting competition and putting pressure on pricing.  The growth of private credit has been largely driven by direct lending’s ability to replace bank debt, having grown substantially over the past 15 years. Direct...