It joined other major banks in making the most of a surge in trading activity amid market turmoil. UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in making...
However, the “headline numbers are hiding the economy’s true performance,” analyst says. The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President...
The Bank of Japan kept interest rates steady on Thursday and offered a cautiously optimistic view on the economic outlook, after Tokyo’s trade deal with Washington cleared some uncertainty surrounding its fragile recovery. The central bank also revised up its...
Central bank holds key rate at 4.3% for fifth time this year. The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s...
Governor Tiff Macklem says rate cut remains on the table if growth falters. Signs of resilience in the Canadian economy were enough for the Bank of Canada to leave its benchmark interest rate unchanged Wednesday, but the spectre of U.S....
Barclays' first-half profit rose by a better-than-expected 23%, the British bank said, as its markets business reaped bumper returns from the frenzied trading activity sparked by U.S. President Donald Trump's trade tariffs. Pretax profit for the January-June period totalled 5.2...
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday, missing analyst estimates, as a US$2.1 billion impairment from its investment in Bank of Communications weighed. Europe’s largest bank posted a pretax profit of US$15.8 billion...
Japan's Nomura Holdings said first-quarter profit surged 52 per cent with its trading and investment banking divisions putting in a solid showing amid volatile global markets, while it also benefited from a one-off gain on a property sale. The results...
Net interest income and non-interest income both grew during the period. BDO Unibank, Inc. reported a net income of almost $708.66m (PHP40.6b) in H1 2025, up 3% from the same period in 2024. Earnings growth was tempered by continuing investments in...
Banks ready to weather headwinds from trade, geopolitical conflict. Despite an array of challenges to their profits and capital strength, the big European banks remain well-armed to face the headwinds posed by ongoing global trade disruptions and geopolitical conflicts, says...
