Supply chain finance provided by multilateral development banks has reached approximately US$10bn in developing economies, but a new international review published on 26 October from Trade Treasury Payments shows that weak receivables laws and incomplete market infrastructure remain substantial...
Policymakers vote 10-2 to maintain rate range as Lisa Cook, Beth Hammack dissent in favor of 25-basis-point hike. The US Federal Reserve kept its benchmark interest rate unchanged at a range of 3.75% to 4% on Wednesday as policymakers weighed...
Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher. Like many of its European peers, StanChart was able to extend a recent strong run, with pretax...
Its results are helped for a second consecutive quarter by a record jump in equity and prime services revenue. BNP Paribas posted a forecast-beating rise in third-quarter profit on Wednesday (Oct 28), aided by its investment bankers, as the lender...
It is supported by net new assets of US$55 billion in global wealth management. UBS reported on Wednesday (Oct 28) a third-quarter net profit roughly in line with expectations, and accelerated its share buyback programme even as the bank remained...
This is the first time a Singapore bank is among the top three; DBS is ranked 23rd, and UOB, 187th. OCBC has been ranked as the third-strongest bank globally and the strongest in Singapore and the Asia-Pacific. Released on Tuesday (Oct...
London-based lender's 3rd-quarter revenue rises $800M to $18.6B, driven by net interest income growth. British banking giant HSBC reported a 32% year-on-year surge in pretax profit to $9.6 billion for the third quarter of 2026, the lender said on Tuesday. The...
Munich Re has agreed to share up to US$1bn of risk on the Africa Finance Corporation’s (AFC) trade finance lending to banks. The arrangement will cover letters of credit, trade loans and guarantees with 38 financial institutions in 11...
Dutch battery energy storage developer GIGA Storage has secured EUR 260 million of debt financing for the construction of its 350-MW/1,400-MWh Albatross project in Lower Saxony, Germany. The financial close was achieved with the participation of seven banks and will...
Bank of America, Blackstone, Citi and Morgan Stanley have announced a US$63bn financing structure to acquire artificial intelligence computing equipment from Broadcom and lease it to Anthropic, creating an unusually large example of asset-backed funding for technology infrastructure. The transaction,...
