Wealth management and insurance business earned $837M, up from $707M. TD Bank Group says it has made progress on implementing measures meant to combat money laundering risks as it expects to spend upwards of $500 million this year on those...
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms. Citi Investor Services has enabled financial information exchange (FIX) API connectivity for its Asia Pacific ETF clients on ACES (Advanced Citi ETF System), the...
The credit rating agency Moody’s has reaffirmed Saudi Arabia’s credit rating at “Aa3” with a “stable” outlook. The agency mentioned that the affirmation at Aa3 reflects Saudi Arabia’s large and wealthy economy, supported by its vast hydrocarbon endowment, and highly...
The German economy grew by 0.3% in the first quarter of 2026 compared with the previous quarter, the statistics office said on Friday, confirming its preliminary reading. Exports rose considerably at the start of the year, helping Germany's economic performance,...
The global economy is expected to reach $126 trillion in 2026, but that output is highly concentrated. Just four countries—the United States, China, Germany, and Japan—generate roughly half of all economic activity worldwide. This graphic visualizes the full global economy using...
Climate finance has continued to grow with developed countries providing and mobilising $132.8 billion in climate finance for developing countries in 2023 and $136.7 billion in 2024, according to new OECD data. The latest report, Climate Finance Provided and Mobilised...
The inheriting generation is reshaping how family wealth is managed and who they trust to manage it. Among the respondents, 11 per cent resided in Asia, though UBS noted the figure is understated, as some second-generation members of Asian families...
The global bond market limped to the end of a bruising week, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury...
The Japanese megabank aims for a $10.7b net profit for FY3/2027. Sumitomo Mitsui Financial Group (SMFG) logged record-high profits for FY3/2026, or the full-year period ending 31 March 2026. Profit attributable to owners of the company rose 34.4% year-on-year (YoY) to...
Australia’s Future Fund steered through geopolitical tensions and market volatility to post an investment return of 11.7% in the 12 months to March 2026. The return beat its 8.1% target return and added A$28.3 billion (US$20.4 billion) to its value,...
