BNP’s results were aided by a 58 per cent jump in sales from equity and prime brokerage services. France’s BNP Paribas posted better-than-expected quarterly earnings after investment banking revenue jumped due to a surge in equities trading, offsetting a sharp...
HSBC reported a slight decline of 0.4 per cent in first-half profit but still beat analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth in its wealth business boosted revenue. Europe’s largest bank posted pretax...
Bond issuance up, driven by accelerated refinancing. While global bond issuance was strong in the first half of 2024, that’s expected to slow a bit in the back half of the year, as rising market volatility and soft merger and...
The central bank also made a valuation gain of 12.2 billion francs (US $ 13,86 billion) on the 1,040 tonnes of gold it holds. The Swiss National Bank reported the biggest half-year profit in its 117-year history, as big gains...
Mizuho Financial Group reported a better-than expected increase in its quarterly profit driven by strong performance in its lending and trading businesses. Net income at Japan’s third-largest bank rose 18 per cent to 289.3 billion yen(US$ 1.921 billion) for its...
Pre-tax profits fell less than analysts expected to £1.74 billion in the quarter. Lloyds Banking Group posted pre-tax profit that beat estimates in the second quarter, as an improved economic outlook allowed the lender to whittle down the amount of...
Mashreq has posted a first-half (H1) net profit of AED4 billion ($1.09 billion), a significant 14% increase year-on-year (YoY), driven largely by a 17% YoY increase in net interest income. The bank's non-interest income rose to AED1.9 billion, demonstrating a...
Italy's UniCredit has entered into a binding agreement to acquire the entire share capital of European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion. Together, Aion/Vodeno offer a suite of embedded banking products based on Aion’s ECB licence that enables...
Emirate added $31.3bn to its GDP during the period, with transport and financial sectors expanding. Dubai’s economy grew by 3.2 per cent annually in the first quarter of 2024, with Dh115 billion ($31.3 billion) added to the emirate’s gross domestic...
The non-oil sector in Kuwait witnessed solid growth in the first quarter with the non-oil GDP bouncing back with a strong 4.7% year-on-year increase after a 2.3% fall in the previous quarter, according to a report by National Bank...
