Non-oil revenues in Saudi Arabia rose 1 percent year on year in the third quarter of 2025 to SR119.1 billion ($31.76 billion), according to the Ministry of Finance. The government’s budget performance report for the three months to the end...
Spearheaded by the European Central Bank through the AMI-SeCo working group, ISO 20022 sets a clear path toward harmonised and automated post-trade processes across the continent. The European financial market is undergoing a significant transformation with the progressive adoption of...
Global hedge fund industry assets reached a record $4.98 trillion in the third quarter of 2025 as managers and investors capitalised on a broad risk-on environment across strategies and regions, according to research firm HFR’s data. Industry capital rose by...
Users also spent more time per session, averaging 6.59 minutes. Finance app usage continued to climb globally in 2024 and into 2025, with double-digit growth in installs and user engagement, according to a report from mobile measurement and fraud prevention...
German environmental and human rights group Urgewald has exposed how major financial institutions continue to bankroll the metallurgical coal industry, funnelling nearly $52 billion into mine expansions between 2022 and 2024 despite global climate commitments. Its new report, Still Burning:...
Clearstream, Deutsche Börse Group’s post-trade services provider, has partnered with Standard Chartered Bank to pilot its Vestima Digital platform for private market fund distribution. The initiative aims to streamline fundraising, capital calls and asset servicing by digitising processes and enabling...
The bank aims to sustain an earnings revival that led to record profit last year. Nomura Holdings’ profit beat analysts’ expectations last quarter, buoyed by equity trading and advising on mergers. Net income fell 6.4 per cent from a year earlier...
Net income rose to 60.1 billion yuan. Bank of China reported a 5 per cent increase in third-quarter profit, as the lender managed to stabilise its net interest margin despite mounting challenges from weakening credit demand. Net income rose to 60.1...
South Korea's economy grew in the third quarter by the fastest pace in a year-and-a-half, central bank estimates showed on Tuesday (Oct 28), helped by strong exports and solid private consumption as government stimulus boosted spending. Gross domestic product expanded...
If banks fail to adapt AI, global profit pools could fall by about $170b. Global banks earned record profits of about $1.2t in 2024 — the highest ever for any industry — but investors remain cautious, according to McKinsey’s Global...
