ING Group on Thursday (Feb 2) reported a fourth-quarter net profit of 1.1 billion euros (S$1.6 billion), exceeding forecasts, but its shares fell as guidance for 2023 fell short of expectations.
THE European Central Bank raised interest rates again by another half a percentage point on Thursday (Feb 2) and pencilled in at least one more hike of the same magnitude next month.
STERLING slipped against the dollar and the euro on Thursday (Feb 2) as the Bank of England raised interest rates by 50 basis points but hinted its tightening cycle was nearing an end.
THE State Bank of India (SBI), the country’s largest financier, has given loans of as much as US$2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, said a source.
INVESTORS can now make online applications at DBS for Singapore Treasury Bills (T-bills) using funds in their Central Provident Fund Ordinary Accounts (CPF OA).
HOUSING Development Finance Corp (HDFC), India’s largest mortgage lender, reported a 13.2 per cent rise in third-quarter profit on Thursday (Feb 2), missing estimates, as higher funding costs took the shine off strong housing loan growth.
DEUTSCHE Bank reported a surge in fourth-quarter earnings on Thursday (Feb 2), exceeding expectations and contributing to a third consecutive year of profit, helped by higher interest rates and buoyant trading.
DEUTSCHE Bank reported a surge in fourth-quarter earnings on Thursday (Feb 2), exceeding expectations and contributing to a third consecutive year of profit, helped by higher interest rates and buoyant trading.
MITSUBISHI UFJ Financial Group and Mizuho Financial Group on Thursday (Feb 2) reported strong third-quarter profits in their core businesses, thanks to an economic rebound in Japan and solid loan demand abroad.
MITSUBISHI UFJ Financial Group and Mizuho Financial Group on Thursday (Feb 2), respectively Japan’s first and third-largest lenders, reported strong third-quarter profits in their core businesses, thanks to an economic rebound in Japan and solid loan demand abroad.
