The aggregate market capitalization (MCap) of the top 25 global banks went up by 4% to $4.27 trillion quarter-on-quarter (QoQ) during the third quarter (Q3) ended 30 September 2024. This growth was fueled by interest rate cuts from several...
Profit comes in above estimate of $760M as Switzerland’s largest bank records high profits for 3rd consecutive quarter. Switzerland’s largest bank UBS Group AG announced a $1.43 billion in profit in the third quarter of the year on Wednesday, well...
Gold demand climbed 5% to 1,300 tons as investors seek safe haven amid geopolitical tensions, US political uncertainty. Global gold demand rose 5% on an annual basis in the third quarter of the year to a little over 1,300 tons,...
Project Mandala has now reached proof of concept stage. The Bank of International Settlements (BIS) along with partner central banks from Singapore, Australia, Malaysia, and South Korea, have successfully demonstrated that regulatory compliance can be embedded in cross-border transaction protocols...
UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the...
The British lender reports pre-tax profit for the July-September period of £2.2 billion, up from £1.9 billion a year ago. Barclays reported a forecast-beating 18 per cent rise in third-quarter profit on Thursday (Oct 24), as slower than expected interest...
Germany's biggest lender Deutsche Bank reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover. Net profits came in at 1.46 billion euros, up 42 percent from a year earlier. Profits were...
Pre-tax profits exceed expectations, but investor concerns linger over potential motor finance liabilities. loyds Banking Group has reported stronger-than-expected pre-tax profits of £1.8bn for the third quarter, surpassing analyst forecasts of £1.6bn, though slightly down from £1.9bn in the same...
South Korea's economy barely grew in the third quarter as consumer spending rebounded but exports fell, with the central bank warning of a likely downgrade to its 2024 growth outlook. Gross domestic product in the July-September quarter expanded a seasonally...
Real-time payments are forecast to generate $285.8 billion of additional global GDP growth and create more than 167 million new bank account holders by 2028, according to a new report published by ACI Worldwide. The report leverages data from 40...
