Standard Chartered reported first-quarter profit that beat estimates as the bank weighs the impact of US President Donald Trump’s trade war. Adjusted pretax profit for the quarter ended March hit US$2.3 billion, largely driven by the bank’s financial markets and...
Including $806 billion invested in finance and insurance overseas. Canadian direct investment abroad was $2.47 trillion at the end of 2024, increasing 12% from 2023, the largest percentage rise since 2019, according to a Statistics Canada release. The top sectors that...
The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled to the lowest in nearly four months. Bank reserves fell by about US$209 billion to US$3 trillion in the week...
Market optimism has waned in the face of tariffs, policy volatility. North American leveraged finance markets started the year hoping for stronger merger and acquisition activity but have since weakened due to tariff-related uncertainty, Fitch Ratings says. In a new report,...
The Bank of Thailand (BOT) cut its key interest rate and said it stands ready to ease monetary policy further as the global trade war prompts a sharp downgrade in the outlook for economic growth. The BOT’s seven-member Monetary Policy...
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...
