Japan's second-largest banking group Sumitomo Mitsui Financial Group hit a record 1.18 trillion yen ($8.1 billion) profit for the financial year ended March 2025 and sees more growth ahead even accounting for the hit to its business from tariff...
Commonwealth Bank of Australia (CBA) reported a 6 per cent rise in third-quarter cash earnings, helped by growth in lending volumes and higher trading income, and said its margins were stable. Cash net profit after tax for the country’s biggest...
Credit Saison India (“CS India”), a leading non-banking financial company and the Indian subsidiary of Japan’s Credit Saison Co., has secured External Commercial Borrowing (ECB) funding of USD 150 million from Mizuho Bank Ltd. under a bilateral arrangement. This...
Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy's export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance. This long-term financing strengthens...
Vietnam reported $13.82 billion in foreign direct investment (FDI) in the first four months of the year, an on-year increase of 39.9 per cent, according to data from the Foreign Investment Agency (FIA) under the Ministry of Finance. In the...
SACE, the Italian insurance and finacial group fully owned by the Italian Ministry of Economy and Finance, Banco Santander, Commerzbank and Corporación Nacional del Cobre de Chile ("CODELCO") are finalization of 500 million dollars Push Strategy transaction aimed at...
Tinubu, a French provider of cloud software for the specialty insurance industry, has raised $45 million in growth capital led by Morgan Stanley Expansion Capital, as it seeks to accelerate its expansion into new specialty insurance lines. This follows its...
During one of yesterday’s panels at the U.S. Securities and Exchange Commission (SEC) roundtable on tokenization, incumbents were urged to avoid attempting to hamstring new technology players. BlackRock’s Robert Mitchnick said that rather than forcing startups to comply with...
Italian asset manager Banca Generali's, opens new tab first-quarter net profit beat analysts' estimates as it began the process of evaluating a 6.6 billion euro takeover bid from merchant bank Mediobanca, opens new tab. Mediobanca said last month it planned...
Global banking regulators agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world's forum for banking regulators met to take stock of the committee's...
