BMO reports $2.3B profit
BMO Financial Group raised its dividend as it reported a profit of $2.3 billion in the fourth quarter, boosted in part by a reduction in provisions for bad loans as it works to adjust its U.S. banking operations. The bank...
Global goods imports hit by tariffs jump 4-fold to $2.6trn
Imports worldwide worth $2,640 billion, or 11.1 per cent of total imports, were affected primarily by tariffs along with other trade measures introduced between mid-October 2024 and mid-October 2025 - more than four times the $611 billion coverage recorded...
RBC posts record Q4 profit
Capital markets, wealth management, banking boost . Royal Bank of Canada handily beat analyst expectations as it reported record fourth-quarter results that showed rising profits across most divisions. Canada’s most valuable bank, and company, reported a profit of $5.43 billion in...
European banks led by BNP, ING push ahead on euro stablecoin plan
A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments. The...
TD Bank reports $3.28B profit in Q4, raises dividend
The bank’s wealth management business earned $699M in the quarter. TD Bank Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago, weighed down by one-time restructuring charges. TD says its profit amounted to $3.28...
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks. Banks could give investors a clearer view on how they manage risks, such as those associated with changing interest rates, under a new model...
Associated Banc-Corp to acquire American National for $604m
American National’s banking subsidiary will integrate into Associated Banc-Corp’s subsidiary, Associated Bank. Associated Banc-Corp has agreed to acquire American National for up to $604m, to expand its presence across key markets in the US Midwest. The acquisition will see American National’s...
Green economy set to break $7 trillion barrier by 2030, says report
Businesses across industries are already benefiting from the strong growth of the green economy, the second-fastest growing sector over the past decade, according to World Economic Forum (WEF). A new report, titled 'Already a Multi-Trillion-Dollar Market: A CEO Guide to...
Global financial system must adapt to better serve economy, UN trade agency says
The financial system risks undermining global trade if it fails to adapt to the economy's needs, with developing countries likely to suffer the most, the UN Trade and Development Agency said on Tuesday. Shifts in financial markets now drive global...
Australia economy grows 0.4% in Q3
Australia’s economy slowed unexpectedly in the September quarter as a large drag from inventories offset strength in government and business investment, which still boded well for an increase in capacity that could help cool inflation. Data from the Australian Bureau...
