The Commonwealth Bank of Australia (CBA) earned a statutory net profit after tax of A$5.14b (approximately US$3.24b) for the six-month period that ended on 31 December 2024, a 6% year-on-year (YoY) rise compared to H1 2024, its latest financial...
The value of pension assets globally rose by 4.9% in 2024 to reach a record-high level of US$58.5 trillion, thanks largely to the growth of the largest defined contribution (DC) markets. However, the annual Global Pension Assets Study published by...
Singaporean banks and ocean carriers have partnered to launch a real-time verification system for bills of lading (BLs), the latest move in the city-state’s bid to use technology to fight trade finance fraud. The launch of the tool was announced...
Dutch lender ABN Amro's fourth-quarter profit and net interest income beat expectations on Wednesday, lifting the shares 7% to their highest in 5 years as the bank kept a lid on costs. ABN Amro, one of three dominant banks in...
Dubai’s family offices control more than US$1 trillion in assets. Pacific Investment Management Co (Pimco) opened a Dubai office, becoming the latest major fund manager to deepen its presence in the Middle East. The Newport Beach, California-based firm, which manages around...
Siguler Guff & Company has reported a record quarter of deal activity across its ‘tactical credit’ investment strategy at the end of last year. The strategy focuses on private credit across specialty finance and corporate lending, with the flexibility to...
Zeta has raised USD 50 million in a strategic investment round, bringing its valuation to USD 2 billion. This marks a significant increase from its pre-money valuation of USD 1.15 billion in 2021, when it secured USD 250 million from...
Dutch cooperative bank Rabobank on Tuesday reported a record net profit of 5.16 billion euros for 2024, up 18% from 4.38 billion euros in 2023, helped by higher interest rates in the U.S. and Europe, higher fees and commissions...
The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four...
Banca Generali exceeded analyst expectations on Monday with a 32% jump in 2024 net profit to 431.2 million euros. The private bank controlled by Italy's top insurer Generali, opens new tab proposed a dividend of 2.80 euros per share, with...
