Citigroup announced that its Citi Impact Fund will invest $25 million to support companies using technology to improve housing access, supply and affordability in communities across the U.S. Launched in 2020, the Citi Impact Fund invests in “double-bottom line” companies...
Low-carbon cement materials developer NeoCem announced that it has raised USD$19 million in a new funding round from asset management company Crédit Mutuel Impact, with proceeds aimed at scaling the deployment of its low carbon cement technology. Cement production is...
Both its loan portfolio and fee income recorded double-digit growth. ICICI Bank Limited reported a net profit of $1.6b for the Q1 2027 period that ended on 30 June 2026, growing 15.9% year-on-year (YoY), the bank said in its latest...
The one-year loan prime rates remained at 3 per cent. China kept benchmark lending rates unchanged for a 14th consecutive month on Monday (Jul 20), in line with market expectations. The unchanged loan prime rates (LPRs) suggest that policymakers remain patient,...
The commitment will increase CRG’s investment capacity to $2.3 billion, inclusive of financing, for its direct lending strategy. In connection with making the commitment, SMBC is also taking a passive minority stake in CRG. Canal Road Group (CRG) expanded its...
Wealth assets rose to $641b in Q1, beating earlier growth targets. DBS Group plans to grow assets under management (AUM) across its retail and wealth businesses to over $1t by 2030. The group’s retail and wealth assets stood at $641b as...
Most Southeast Asian lenders have little need to follow, says S&P Global. Banks and regulators across Southeast Asia are unlikely to adopt a financing tool that lets banks pass part of their loan risk to outside investors, although a market...
Breaking up the Big Four firms is one option under consideration. Australia announced plans to increase its oversight of the Big Four accounting firms after a series of high-profile governance failures in the industry, most recently by KPMG whose staff...
Danske Bank raised its full-year outlook on Friday, citing high customer activity, but its share price declined from record levels touched earlier this week as it only just topped quarterly profit expectations. CEO Carsten Egeriis said the Nordic region's second...
It says the economic growth rate for South Korea is expected to ‘considerably exceed’ the bank’s May forecast of 2.6%. South Korea’s central bank raised its benchmark interest rate for the first time in 3.5 years on Thursday (Jul 16)...
