This is the first time a Singapore bank is among the top three; DBS is ranked 23rd, and UOB, 187th. OCBC has been ranked as the third-strongest bank globally and the strongest in Singapore and the Asia-Pacific. Released on Tuesday (Oct...
London-based lender's 3rd-quarter revenue rises $800M to $18.6B, driven by net interest income growth. British banking giant HSBC reported a 32% year-on-year surge in pretax profit to $9.6 billion for the third quarter of 2026, the lender said on Tuesday. The...
Munich Re has agreed to share up to US$1bn of risk on the Africa Finance Corporation’s (AFC) trade finance lending to banks. The arrangement will cover letters of credit, trade loans and guarantees with 38 financial institutions in 11...
Dutch battery energy storage developer GIGA Storage has secured EUR 260 million of debt financing for the construction of its 350-MW/1,400-MWh Albatross project in Lower Saxony, Germany. The financial close was achieved with the participation of seven banks and will...
Bank of America, Blackstone, Citi and Morgan Stanley have announced a US$63bn financing structure to acquire artificial intelligence computing equipment from Broadcom and lease it to Anthropic, creating an unusually large example of asset-backed funding for technology infrastructure. The transaction,...
Ping An Digital Bank has introduced new trade financing arrangements for Hong Kong importers and exporters, including supplier-paid invoice financing with revolving credit limits of up to HK$50m (approximately US$6.37m). The announcement on 21 October expands the bank’s working-capital offering...
The London Stock Exchange Group (LSEG) released its third quarter (Q3) trading update, showing that nominal value at LCH RepoClear was up 25% from Q3 2025 at €104.4 trillion ($117.2tn). This is also higher than Q2’s €92.73 trillion. In addition,...
Newegg Commerce has closed a US$100m senior credit facility led by East West Bank, replacing and expanding earlier borrowing arrangements that matured in August 2026. The technology ecommerce retailer confirmed the transaction on 20 October, with East West Bank acting...
ADCB, one of the top UAE banks, reported record profit before tax of AED11.67 billion ($3.18 billion) for the first nine months of 2026 and AED4.063 billion in Q3, both up 28% YoY, marking 21 consecutive quarters of profit...
LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development...
