Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said on Tuesday. The ratings agency...
Banks’ investment in digital trade infrastructure is improving their ability to maintain financing and process transactions during geopolitical and supply-chain disruptions, as the industry applies lessons learned during the pandemic. A recent assessment of banks’ crisis response found that institutions...
The Bank of England will stop accepting bonds linked to thermal coal as collateral in key lending operations from October, deepening the integration of climate-transition risk into its financial framework. The policy means commercial banks will no longer be able...
Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the European Central Bank's quarterly Bank Lending Survey showed on Tuesday. Euro zone banks tightened access...
Fees and commissions rose to $876m during the period. HDFC Bank Limited reported a net profit of $1.97b for the quarter ending 30 June 2026 (Q1 FY2027), a 4.98% year-on-year (YoY) increase, its latest financial results showed. Net revenue was $4.8b...
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...
