Users also spent more time per session, averaging 6.59 minutes. Finance app usage continued to climb globally in 2024 and into 2025, with double-digit growth in installs and user engagement, according to a report from mobile measurement and fraud prevention...
German environmental and human rights group Urgewald has exposed how major financial institutions continue to bankroll the metallurgical coal industry, funnelling nearly $52 billion into mine expansions between 2022 and 2024 despite global climate commitments. Its new report, Still Burning:...
Clearstream, Deutsche Börse Group’s post-trade services provider, has partnered with Standard Chartered Bank to pilot its Vestima Digital platform for private market fund distribution. The initiative aims to streamline fundraising, capital calls and asset servicing by digitising processes and enabling...
The bank aims to sustain an earnings revival that led to record profit last year. Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4 per cent from a year earlier...
Net income rose to 60.1 billion yuan. Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit demand. Net income rose to 60.1...
South Korea's economy grew in the third quarter by the fastest pace in a year-and-a-half, central bank estimates showed on Tuesday (Oct 28), helped by strong exports and solid private consumption as government stimulus boosted spending. Gross domestic product expanded...
If banks fail to adapt AI, global profit pools could fall by about $170b. Global banks earned record profits of about $1.2t in 2024 — the highest ever for any industry — but investors remain cautious, according to McKinsey’s Global...
Capital ratios strengthened as profit growth outpaced risk-weighted assets. The capital positions at the world’s biggest banks improved, while their leverage and liquidity metrics were stable, according to the latest review by the Basel Committee on Banking Supervision. On Thursday, the...
The $75m is set to provide fresh capital to MSMEs. Asialink Group of Companies becomes first Philippine non-bank financial institution to secure a syndicated term loan facility from Standard Chartered Bank after closing a $75m financing deal. “This reflects global investor...
Benchmark 1-week repo rate lowered from 40.5% to 39.5%. The Turkish Central Bank on Thursday lowered its policy rate by 100 basis points, matching market forecasts. The benchmark one-week repo rate was lowered from 40.5% to 39.5%. The bank said the underlying...
