Its net profit fell by 3%. DBS Group reported a net profit drop of 3% year-on-year (YoY) to $11.03b, reflecting higher tax expenses from the consequential implementation of the 15% global minimum tax. This is despite a record profit before tax...
The FSB has identified several vulnerabilities that could pose risks to the broader financial system. Vulnerabilities are building across the US$16 trillion market for government bond-backed repurchase agreements, a global financial watchdog warned, highlighting rising leverage among hedge funds and...
Strata Critical Medical, Inc., a leading provider of logistics and medical services in the organ transplant industry, today announced that the Company has entered into a credit agreement with JPMorgan Chase Bank, N.A. for secured, asset-based revolving credit loans...
Brazilian lender BTG Pactual reported what it said were its strongest results on record on Monday, citing solid performance in both the quarter and the full year. Latin America's largest investment bank said adjusted net income rose 40.3% in the...
BNP reported net income of 2.97 billion euros for the three months ending in December. BNP Paribas nudged up its 2028 profitability target and pledged more cost cuts, after reporting a better-than-expected fourth quarter profit despite a mediocre performance at...
Its expanded share buyback shows confidence in its capital base. Mizuho has already achieved 90% of its full-year net profit for the fiscal year ending 31 March 2026. The Japanese megabank has a nine-month cumulative profit of $6.4b (JPY1.02t). Overall performance...
Q4 net profit nearly doubled on higher interest income and fee income. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) saw its net profit attributable to shareholders rise 17.5% year-on-year (YoY) to $973.36m (VND25.29t) in FY2025, its latest financial statement...
Benchmark deposit rate remains unchanged at 2% for 5th time in a row, at lowest level since November 2022. The European Central Bank (ECB) on Thursday left its three key interest rates steady, meeting market forecasts. The key deposit rate stands...
Decision comes in narrow 5-4 vote, as bank says despite being above 2% target, annual inflation expected to fall back from April, owing to developments in energy prices including from Budget 2025. The Bank of England on Thursday held the...
Net operating profit and net income have reached over 80% of full-year targets. Mitsubishi UFJ Financial Group’s (MUFG) profit attributable to owners of the parent rose by 3.7% year-on-year (YoY) to $11.56b (JPY1.81t) for the nine-month period ending 31 December...
