Its comprehensive income more than doubled during the period. Sumitomo Mitsui Financial Group’s (SMFG) profit attributable to owners of the parent rose 28.72% year-on-year (YoY) to $6.04b (JPY933.5b) in the six-month period ending 30 September 2025, its latest financial results...
The world’s 500 largest asset managers saw their assets grow 9.4% to a record US$139.9 trillion last year from increased passive investment strategies and adoption of artificial intelligence, according to the Thinking Ahead Institute. They collectively managed $54.56 trillion of...
The company’s results show how Japan’s largest banks are cashing in on the end of ultra-low interest rates. Japan’s Mizuho Financial Group posted a 44 per cent rise in second-quarter net profit on Friday (Nov 14). Profit for the July-to-September period...
Growth driven by services and construction as production sector contracts. The British economy expanded 0.1% in the third quarter of the year, falling short of market expectations, according to official data released Thursday. Markets had forecast 0.2% growth for the July-September...
The deal will cut the Dutch bank’s CET1 capital ratio by about 70 basis points at closing. ABN Amro Bank said it will acquire NIBC Bank from Blackstone for about 960 million euros to expand in retail banking in the...
Global oil and gas demand could grow until 2050, the International Energy Agency said, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus. The Paris-based energy security watchdog also predicted in...
European private markets are set to surpass €5 trillion by the end of the decade, buoyed by the rapid growth of infrastructure and a favorable shift in investor sentiment toward the continent, according to BlackRock Inc. The US investment giant...
The World Economic Forum has unveiled a stakeholder‑specific roadmap to mobilise private climate finance at scale in emerging markets and developing economies (EMDEs). The new report, From Risk to Reward: Unlocking Private Capital for Climate and Growth, focuses on execution,...
Global assets in open-end funds and ETFs with a climate-related mandate reached a record high of $644 billion in June 2025, up 8.5% from the end of last year, according to Morningstar’s data. Europe continues to drive growth with 86%...
The group saw a deterioration in its business lending portfolio, the bank reported. National Australia Bank (NAB) saw its net profit drop 2.9% year-on-year (YoY) to $4.38b (A$6.76b) in the FY2025 period that ended in September 2025. The bank announced a...
