More than 50 banks back changes that rely on existing systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) plans to raise transparency in cross‑border payments through a payment framework that clarifies fees and tracking without requiring banks to build...
Amid geopolitical developments and resulting uncertainties, energy prices remain elevated and exhibit notable volatility, Turkish Central Bank says. The Central Bank of the Republic of Türkiye has kept its policy interest rate, or one-week repo rate, constant at 37% on...
Net interest income grew 8%. ICICI Bank beat estimates, reporting a profit after tax of $1.46b (IND137b) for Q4 FY2026, lifted by lower credit costs, said InCred Equities. Core performance was broadly in line, with a healthy net interest income (NII)...
But fee income growth is slower than expected. HDFC Bank saw its profit after tax grow 9% year-on-year (YoY) to $2.04b (INR192b) in Q4 FY2026, lifted by a better-than-expected treasury income and lower-than-expected credit costs. Treasury income was $85.04m (INR8b), compared...
Bank Indonesia held its benchmark interest rate for a seventh straight meeting and said it was ready to do more to stabilise the rupiah and inflation outlook from the impact of the Middle East conflict. The central bank held the...
Bank of America, opens new tab beat estimates for first-quarter profit, as heightened market volatility pushed revenue from equities trading to a record and a rebound in mergers and acquisitions boosted investment banking fees. Global equity markets entered 2026 on...
The trade finance gap continues to sit at a persistent $2.5 trillion. The latest Asian Development Bank (ADB) survey on the gap identifies a subtle decrease in the percentage of total trade that the gap represents, as well as...
U.S. Bancorp, opens new tab reported a 13.6% jump in first-quarter profit, driven by higher interest income and fee revenue. Loan growth has been quite strong across the industry in recent months as a string of rate cuts by the...
Cross-border expansion rose as AI and ASEAN shape capital allocation decisions. Majority of business leaders and institutional investors in Singapore are increasing cross-border trade and investment and adjusting capital allocation strategies amidst heightened global volatility, HSBC said. In a survey released...
For the full year 2025, the currency appreciated 6.2% against the US dollar. Singapore attracted strong foreign investment and saw continued currency strength heading into 2026, according to a McKinsey report. The Singapore dollar remained firm, trading within a narrow range...
