The platform is reportedly used by around 40,000 companies globally. Bank of America (BofA) said that its CashPro App will have made over $1t in payment approvals by the end of 2024. In a press release, the bank said that this...
BlackRock has expanded its European offerings by launching one mutual fund and two ETFs designed to capitalise on the potential of artificial intelligence. This AI suite aims to provide investors with long-term opportunities in technology and AI-related companies, highlighting BlackRock’s...
President-elect Donald Trump's return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers...
A majority of global asset owners are looking to dial up allocation to sustainable investments in the next two years to meet growing demand from stakeholders, in spite of facing challenges related to data, regulations and greenwashing, according to...
While long-term fund inflows decelerated, money market funds (MMFs) experienced a surge in demand, reflecting investor caution amid volatility, according to the European Fund and Asset Management Association’s (Efama) European quarterly statistical report for Q3 2024. Net assets of Ucits...
Japan's economy grew at a faster pace than initially reported in the July-September period thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank. But a downward...
Capital investment of $5.4 trillion will be required to sustain and expand mining and processing facilities across the globe during the 2024-2035 period, a significant increase of $500 billion over the previous decade (2012-2023), said leading industry experts in...
HQLAᵡ confirmed it was involved in an intraday repo transaction where Goldman Sachs borrowed cash from Clearstream in exchange for collateral held on the HQLAᵡ DLT platform. The transactions were part of the European Central Bank’s (ECB’s) wholesale DLT...
The bank’s revenue for Q4 FY24 amounted to C$15.1bn ($10.73bn), up 19% from C$12.68bn ($9.01bn) in Q4 FY23. Royal Bank of Canada (RBC) has reported a 7% increase in its net income for the fourth quarter of fiscal year 2024...
The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.80 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose. Built...
