The Hong Kong Monetary Authority (HKMA) has announced the imminent launch of a Rmb100bn (US$13.64bn) trade finance liquidity facility to support Hong Kong banks’ trade finance offerings to corporate clients. The HKMA says that the facility will be “a stable...
ICBC is APAC’s top bank in terms of market cap; DBS rises to 23rd spot. The world’s top 25 banks saw their market capitalization increase by 27.1% year-on-year (YoY) to $4.6t in Q4 2024, according to GlobalData. Most of the banks’...
JPMorgan’s net income soared 50% to more than US$14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year as businesses and consumers...
The Economist Impact has published a report on the cost of global financial fragmentation, sponsored by Swift. Based on the current trajectory of sanctions and trade barriers, the resulting financial fragmentation is expected to globally cost $2.8 trillion or...
Citigroup on Wednesday reported stronger-than-expected fourth-quarter profit and revenue, while authorizing a $20 billion share buyback program, sending its shares by more than 2% before the bell. The bank posted a net income of $2.9 billion, or $1.34 per share,...
Global dealmaking revives in 2024, but remains weaker than recent years. Driven by rising valuations, global private equity and venture capital deal activity surged in 2024, according to new data from S&P Global Market Intelligence. The total value of deal activity...
Four of the priority markets are in ASEAN: Malaysia, Singapore, the Philippines, and Indonesia. Countries from “emerging and developing Asia” are drawing investors in more “developed” nations, particularly western financial institutions (FIs), based on a survey by Standard Chartered of...
It is expected to see pressures on profit growth and uneven expansion. The global banking industry faces significant challenges as it navigates potential shifts in monetary policies and changes in political landscapes, according to a report by the Bank of...
JP Morgan tops global league tables. Globally, syndicated lending reached a record high in 2024, as financing proceeds rose 32% in the year to US$5.9 trillion, according to data from LSEG Data & Analytics. The financial sector led the way with US$1.3...
Dynamic markets need $95t to become net zero economies by 2060. Over 2 in 5 investors (43%) named renewable energy as one of the three most important sectors in their current investment strategy, according to a survey of 400 European...
