France's economy grew slightly in the second quarter, final data from statistics office INSEE showed, confirming the preliminary reading of 0.3% that showed the euro zone's second-largest economy gaining momentum. The result was in line with an average forecast of...
The first transaction was completed between a StanChart account and an e-wallet. Standard Chartered Bank, Ant International, and Swift have launched live production trials for bank-to-wallet payment solutions using the ISO 20022 financial messaging standards. The first transactions were completed successfully...
Loans increased in Malaysia and Singapore but fell in Indonesia. Maybank’s net profit rose 4% year-on-year to $1.23b in H1 2025, its latest financial results showed. Net operating income grew 3.2% to $3.64b. Profit before tax (PBT) increased by 3.2% to $1.68b...
Assets invested in the global ETF industry hit a new milestone with a record US$17.34 trillion at the end of July – surpassing the previous high of $16.99 trillion set just a month earlier. During July, the ETFs industry globally...
Bank continues recovery from anti-money laundering charges. TD Bank Group swung to a profit in its latest quarter compared to last year as it continues to restructure and recover from anti-money laundering failures. “This quarter, we made significant progress on our...
Jump in profits beats expectations as revenue also rises. CIBC reported a jump in profits that beat analyst expectations as its outgoing chief executive said thebankis well positioned to weather macroeconomic volatility ahead. “We’re moving ourbankforward, even as the operating environment...
Direct lending has exploded in recent years, boosting competition and putting pressure on pricing. The growth of private credit has been largely driven by direct lending’s ability to replace bank debt, having grown substantially over the past 15 years. Direct...
BlackRock paused fundraising for its latest Asian private credit strategy earlier this year, according to a report by Bloomberg. Bloomberg said people familiar with the matter said fundraising for the firm’s third Asia-Pacific private credit fund came to a standstill...
The direct impact of tariffs on the banking sector should be manageable, S&P said. Vietnam’s financial institutions are expected to become more resilient to future downturns, as the country is expected to maintain its above average economic growth. Vietnam’s economy is...
Adjusted earnings hit $3.23 a share, topping forecasts. Executives at BMO Financial Group say the economic outlook in Canada and the U.S. is becoming steadier, but the bank is still bracing for trade and geopolitical fluctuations in the months ahead. “Early...
