Quarter-on-quarter growth improves at 0.4 per cent. Singapore’s economy grew 2.9 per cent year on year in the second quarter of 2024, comparable to the revised growth rate of 3 per cent in the previous quarter, going by advance estimates...
Financial advisers in the UK have increased spending on technology over the past year, according to a survey. Fifty-five per cent of advisers surveyed by financial data firm FE Fundinfo said they had increased spending on tech over the past...
Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion. Bain and Reverence are being backed by a consortium of minority...
BNP Paribas has inked a multi-year agreement with Mistral AI, covering all of the French artificial intelligence giant's commercial models. BNP Paribas's global markets unit has been experimenting with Mistral AI's models since last year, with "strong results". The bank...
Based in Central Asia, digital banking provider TBC Uzbekistan is a subsidiary of London-listed TBC Bank Group. TBC Bank Group also invested $23 million, and with the European Bank for Reconstruction and Development (EBRD) and the World Bank's International Finance...
Strong debt issuance, M&A expected to be revenue drivers in the quarter. The big Wall Street banks are set to start reporting second-quarter earnings that should reveal stronger investment banking revenues, says Moody’s Ratings. On Friday the large banks, including JPMorgan...
The value of IPOs by Chinese issuers also fell to a decade low. Investment banking fees generated in China dropped 33% to $5.6b in the first six months of 2023, according to data from the London Stock Exchange Group (LSEG). Equity...
Johor Plantations Group (JPG) will use funds raised in its $156,357 million initial public offering (IPO) to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets such as Europe. The mid-sized...
The bank also participated in 7 sustainability committee meetings in FY2023. Japan’s Norinchukin Bank has fulfilled over 60% of its new sustainable finance target. In its latest climate and nature report, released in July 2024, the bank reported that it has...
Users can hold funds in 10 different currencies and transact in 200 countries. HSBC has teamed up with Visa to develop the Zing International money app. Zing can hold funds in over 10 different currencies, send over 30 currencies, and transact...
