Lithuania’s economy posted solid growth in the first quarter of this year despite geopolitical risks and lingering uncertainty, but economists warn that the outlook for the remainder of the year is less optimistic. Official statistics showed that Lithuania’s GDP grew...
Barclays UK has recorded a 14% increase in income to £2.07bn in its first quarter, driven by "higher structural hedge income" and the acquisition of Tesco Bank. In its Q1 results, the group’s income totalled £7.7bn, which is an 11%...
The bank expects net interest income in its global wealth management business to decline sequentially by a low-single-digit percentage in Q2. UBS posted better-than-expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise...
It is estimated that there are 183 million open banking users in 2025. Open banking users globally are expected to rise over threefold by 2029, according to a study by Juniper Research. Users are expected to rise to 645 million in...
LHV Bank has seen its loan book increase by over 30% quarter-on-quarter in Q1 2025, reaching £400m. The bank issued more than £130m in new loans in Q1 2025, which it said was driven by sustained broker demand and growing...
An ITFA working group has recently developed a template for financial institutions (FIs) granting short-term trade loans via the SWIFT MT799 format. The SWIFT MT799 is commonly used by banks to communicate non-binding information on trade finance transactions. While widely...
HSBC has announced that its 1QFY2025 profit after tax of US$7.6 billion was US$3.3 billion lower than in 1QFY2024, but up manifold from the US$585 million profit after tax in 4QFY2024. Y-o-y, profit before tax decreased by US$3.2 billion to...
Deutsche Bank posted a 39 per cent rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets. Deutsche, Germany’s largest lender, recorded net profit attributable to...
Industrial & Commercial Bank of China reported a drop in quarterly profit due to declines in interest income and fee and commission income. The Chinese bank said Tuesday that net profit dropped 4.0% from a year earlier to 84.16 billion...
China's CITIC Securities Co, reported a 32% rise in net profit in the first quarter this year, on strong investment returns and higher brokerage fee income. Its quarterly profit was 6.545 billion yuan ($900.50 million), up from 4.959 billion yuan...
