NatWest, opens new tab reported a 12% rise in first-quarter profit, as the bank grew lending income while taking a modest charge for potential losses from the impact of the Iran war even as it warned that Britain's economic...
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian...
Global wealth management invested assets fell by $85bn to $4.66tn. UBS net profit attributable to shareholders surged 80% year-on-year to $3.04bn in the first quarter of 2026, driven by gains across all core segments. The Swiss group’s revenues rose 13% to...
Retail assets under management rose 1.2% during the quarter, said Ping An. Ping An Bank saw its net profit rise to 3% year-on-year (YoY) to $2.12b (RMB14.52b) in Q1 2026, according to the latest financial results of its parent company...
Region closed 150 transactions placing third behind US and Europe. Asia’s funding deals in the financial technology (fintech) sector reached a total of $1.7b in the first quarter of 2026, the third largest share compared to other markets. It also closed...
Wealth management growth drove up fee income and treasury customer sales to new highs. DBS Group’s net profit inched up 1% year-on-year (YoY) to $2.29b (S$2.93b) in Q1 2026, according to the bank’s latest financial results. Compared to Q4 2025, net...
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion. Foreign direct investment in Canada was up 6.9% to reach $1.6 trillion, while Canadian direct investment abroad rose 2.8% to $2.4 trillion at the end of 2025, according to Statistics...
The fund finance market surpassed $1 trillion in size this year, driven by demand from the growing private credit market, according to a new Moody's Ratings report. Once an early-stage liquidity option for private funds, the fund finance market has...
BP recorded profits of $3.2bn in Q1, more than doubling the $1.54bn reported in Q4 2025 and $1.38bn in Q1 2025. International gas prices rose sharply in Europe and Asia, with March average UK NBP and JKM up around 65%...
Saudi Arabia’s banking sector reinforced its role as a pillar of the national economy, posting a record start to 2026 with unprecedented first-quarter profits. The Kingdom’s 10 listed banks posted combined net profit of $6.4 billion (SR23.95 billion) in the...
