If Switzerland draws up regulation for its systemically important banks that is too onerous, it could make UBS, opens new tab consider leaving the country, the head of the Swiss Bankers Association (SBA) was quoted as saying on Tuesday. Switzerland...
Hong Kong’s locally domiciled public funds, including exchange-traded funds, saw net inflows jump 88% in 2024, driving their total assets up 22% year-on-year to HK$1.64 trillion (US$210.2 billion), as investor sentiment improved. The funds attracted HK$162.9 billion of inflows, up...
Its pre-provisioning operating profit fell 11%, however. The Metropolitan Bank and Trust Co (Metrobank) swa its net profit grew 14% year-on-year (YoY) to $838.38m (PHP48.1b) in 2024, in line with expectations by CGS International. The Philippine bank’s net income for the...
Loans to working capital fell but rose for facilities investment. South Korea’s depository corporations increased their industrial lending by $2.27b (KRW3.3t) in the fourth quarter of 2024, according to data from the Bank of Korea (BOK). Lending for working capital decreased...
ChatGPT ranked 8th amongst the most common platforms for such violations. More than one in ten financial services employees upload sensitive work-related data to personal applications, contributing to cybersecurity vulnerabilities, with 74% of policy violations involving regulated personal and financial...
It lowered its deposit rate to 2.5% in a nod to slowing inflation and faltering growth. The European Central Bank cut interest rates as expected on Thursday (Mar 6) and kept the door ajar to more, even as a looming...
Canada is not alone in its reliance on U.S. purchasers. Canada and Mexico aren’t the only countries that could suffer significant losses as a result of U.S. President Donald Trump’s American-first trade policies. The U.K., France and Germany are all...
OSFI put the reforms on hold indefinitely in February. Fitch Ratings says the Office of the Superintendent of Financial Institutions’ (OSFI) decision to hit the pause button on implementation of the final Basel III requirements could prompt other jurisdictions, including...
ICapital, the Zurich-based fintech platform, has entered into partnership with Aviva Investors to broaden access to Aviva’s climate transition strategy focused on investments in private markets. The partnership will see iCapital support Aviva Investors’ distribution strategy through the creation of...
Malaysia’s central bank kept its benchmark interest rate unchanged, expecting economic activity to remain strong this year and inflation manageable, but it warned of increasing risks to the global economy. Bank Negara Malaysia (BNM) maintained its overnight policy rate at...
