Mitsubishi UFJ Financial Group Inc (MUFG) reported a 6.3% drop in net profit in the six months to September as its profit in the same period last year was supported by the release of provisions for bad loans.
GDP growth accelerated significantly in the second quarter, rising to 17.9% year-on-year from 2.9% in the first quarter, helped by a favorable base effect.
According to a recent McKinsey report, consumer adoption of digital banking is rapidly accelerating, and one of the most important factors is rapid adoption in emerging markets in the Asia-Pacific region.
Dubai's non-oil foreign trade grew 31% in the first half of 2021 to reach Dh722.3 billion ($196.6 billion) from Dh550.6 billion in the corresponding period in 2020.
In the United States, large banks and investment companies plan to launch an online platform for initial public offerings by the end of 2021.
The Monetary Authority of Singapore has announced plans to begin connecting the country's PayNow system to Malaysia's DuitNow real-time payment systems in a phased manner.
While many foreign banks are scaling back their operations, Singapore's DBS Bank has added more than a million customers through its digital banking, even as it still awaits approval from the Central Bank of India to open a sole...
UniCredit SpA is considering the possibility of raising 13 billion euros ($14 billion) through an additional sale of shares, although at the same time information has emerged about a possible merger between UniCredit and Societe Generale, writes Bloomberg.
Fitch Ratings has upgraded Ukraine's long-term issuer default rating in foreign and local currencies from CCC (possible default) to B- (substantially insufficient level of creditworthiness) with a stable outlook.
The bank reported a profit of 41 million francs ($42 million) for the third quarter, down 95% compared to the same period last year, Bloomberg writes.
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