Nearly $7T added to global debt last year, says Institute of International Finance. The amount of global debt rose to a record high of $318 trillion last year, according to a report released by the Institute of International Finance (IIF)...
South Korea’s central bank cut rates by 25 basis points Tuesday to their lowest since August 2022, as it strives to stimulate a slowing economy. The Bank of Korea reduced rates to 2.75% from 3%, in line with expectations from...
Piraeus Bank, Greece's third-largest lender by market value, on Monday reported a double-digit rise in 2024 earnings on higher net interest income and lending, and said it expected a similar profit figure through to 2028. The bank posted a net...
Strong capital markets drive revenues, profits higher in Q4. Bolstered by strong capital markets businesses, the large, global investment banks based in Europe reported robust fourth quarter results — and are poised for a solid 2025, says Moody’s Ratings. In a...
Operating profit before impairment losses is up 3%. The Bank of East Asia (BEA) has logged a profit attributable to owners of the parent of HK$4.6b (approximately US$591.9m) in 2024, 11.9% higher compared to 2023, the bank’s latest financial highlights...
The London-based bank said pretax profit increased 6.5% to USD32.31 billion in 2024 from USD30.35 billion a year prior. Diluted earnings per share was USD1.24, up 8.8% from USD1.14. Revenue fell 0.3% to USD65.85 billion from USD66.06 billion as operating expenses...
Standard Chartered reported a net profit of US$3.59 billion for last year, up by 19 percent year-on-year, thanks to a robust wealth business. The British lender also declared a final interim dividend of 28 US cents, leading to a full-year...
In a record-breaking half decade, windfalls are concentrated in advanced economies. Greenfield foreign direct investment announcements are a harbinger of global economic shifts caused by changing policies and markets. FDI is a lens for assessing long-term corporate bets. Capital committed...
Net income per share is JPY85.26. Japan Post Bank reported a net income attribution to owners of the parent of almost JPY308.35b ($2.05b) for the first nine-month period that ended on 31 December 2024 (FY2025/3). This is higher by 17% year-on-year...
Several large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of exits by Wall Street and Canadian lenders. Singapore and Malaysia-based banks, including DBS Group Holdings, Oversea-Chinese Banking Corp,...
