The inheriting generation is reshaping how family wealth is managed and who they trust to manage it. Among the respondents, 11 per cent resided in Asia, though UBS noted the figure is understated, as some second-generation members of Asian families...
The global bond market limped to the end of a bruising week, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury...
The Japanese megabank aims for a $10.7b net profit for FY3/2027. Sumitomo Mitsui Financial Group (SMFG) logged record-high profits for FY3/2026, or the full-year period ending 31 March 2026. Profit attributable to owners of the company rose 34.4% year-on-year (YoY) to...
Australia’s Future Fund steered through geopolitical tensions and market volatility to post an investment return of 11.7% in the 12 months to March 2026. The return beat its 8.1% target return and added A$28.3 billion (US$20.4 billion) to its value,...
Japan's largest banking group Mitsubishi UFJ Financial Group logged a 438 per cent surge in fourth-quarter profit, it said. Net profit for the January-March period was 613.7 billion yen ($3.87 billion), up from 114 billion yen over the same period...
JPMorgan remained the revenue leader. Global banks recorded diverging performances in FY2025 as growth normalised and risks were repriced across major markets, according to GlobalData. The firm said the sector did not follow a single banking cycle. Russian lenders benefited from...
Institutional investors are becoming more cautious about loose underwriting standards and concentration risks emerging in some parts of the global private credit market. Senior executives from several institutions voiced their concerns during a panel discussion at Asia Asset Management’s 14th...
Nvidia sets new record surpassing $5T threshold, while Alphabet sees strongest dollar-based increase with $1.065T since end of February. The total market value of the world’s top 10 most valuable firms surged 16.69% or by $4.183 trillion, reaching $29.24 trillion...
IGM Financial Inc. announced Q1 net earnings of $283.8 million, a 21.4% year-over-year increase. Earnings per share were $1.20, up 22.4% year over year in the quarter. Assets under management and advisement were $314 billion in Q1 — up 14.2% year...
Spanish bank BBVA announced a significant increase in its sustainable finance activity in the first quarter of 2026, channeling €36 billion into sustainable business in the quarter, up by 33% over the same period last year. The results indicate continued...
