Wealth assets rose to $641b in Q1, beating earlier growth targets. DBS Group plans to grow assets under management (AUM) across its retail and wealth businesses to over $1t by 2030. The group’s retail and wealth assets stood at $641b as...
Most Southeast Asian lenders have little need to follow, says S&P Global. Banks and regulators across Southeast Asia are unlikely to adopt a financing tool that lets banks pass part of their loan risk to outside investors, although a market...
Breaking up the Big Four firms is one option under consideration. Australia announced plans to increase its oversight of the Big Four accounting firms after a series of high-profile governance failures in the industry, most recently by KPMG whose staff...
Danske Bank raised its full-year outlook on Friday, citing high customer activity, but its share price declined from record levels touched earlier this week as it only just topped quarterly profit expectations. CEO Carsten Egeriis said the Nordic region's second...
It says the economic growth rate for South Korea is expected to ‘considerably exceed’ the bank’s May forecast of 2.6%. South Korea’s central bank raised its benchmark interest rate for the first time in 3.5 years on Thursday (Jul 16)...
Term funding activity remained strong as Eurex Repo volumes reached a new record of €1.4 trillion, write Frank Gast, managing director and member of the Management Board, and Carsten Hiller, head of Repo Sales for Europe, in a market...
It has increased its planned share buybacks in 2026 to US$2 billion from US$1.8 billion. BlackRock’s second-quarter profit outpaced Wall Street estimates on Wednesday (Jul 15) as a stock market rally lifted the value of client assets and investors poured...
Banks are placing growing weight on technology, product breadth and service quality when selecting international trade finance partners, according to Euromoney’s 2026 Financial Institutions Survey. The research gathered responses from about 670 banks, which assessed trade finance providers across areas...
Goldman Sachs, opens new tab exceeded second-quarter profit expectations as dealmaking picked up and market volatility amid the U.S.-Iran war boosted equities revenue to a record, sending shares to an all-time peak. Inflation risks and uncertainty over interest rates kept...
Wells Fargo, opens new tab beat Wall Street estimates for quarterly profit, boosted by strong investment banking fees and as it doled out more loans after its regulatory shackles were removed last year. The boost in its loan book came...
