Market research firms like JM Financial and InCred Equities forecast a weak quarter for the banking sector in the Q1 earnings season. The banking sector is expected to see a decline in both profits and margins. Additionally, the loan growth for the banks is also going to be on the weaker side in the quarter.
TOTAL assets of the Philippine banking sector amounted to P27.26 trillion as of end-May, up 6.4 percent from the year-earlier P25.62 trillion, according to data from the Bangko Sentral ng Pilipinas (BSP). Bank assets consist of deposits, loans and investments, including cash, amounts due from other banks, interbank loans receivable (IBL) and reverse repurchase (RRP)
It began last year, when Milanese banking giant UniCredit angered Prime Minister Giorgia Meloni’s government by attempting to take over crosstown rival BPM, which Meloni had hoped to merge with the partially bailed-out Tuscan lender Monte dei Paschi di Siena. In response, Rome deployed screening tools known as the ‘golden power’ — whose purpose is
The country’s big banks will report their latest quarterly results this coming week. Analysts expect that profits will beat expectations, in large part because banks’ trading and investment banking desks have been pulling in more revenue. But the old-fashioned business of taking in deposits and making loans has been a mixed bag lately. Demand for
Sergio Barbosa, CEO of FutureBank. Sergio Barbosa, CEO of fintech firm FutureBank, says traditional, rule-based and rigid automated technology is giving way to agentic AI to enable intelligent, adaptive and customer-centric banking. Agentic AI represents the future of financial services, adds Barbosa. “Traditional automation relies on fixed rules, which limits adaptability and intelligence. Agentic AI,
At Singapore’s universities, undergraduates are fighting for the golden ticket they believe will get them a coveted banking job years later: membership in a campus finance club. Lengthy interview rounds and days of working on PowerPoint slides have become de rigueur as a gloomier job market in the banking and trading hub raises the stakes
“Mr. Quarles spent his tenure as a top financial regulator in the United States weakening safeguards for megabanks at the expense of financial stability and the American public,” said Warren, a former U.S. presidential hopeful who is the most senior Democrat on the Senate banking committee. “It would be deeply troubling if this FSB review
Aurionpro Solutions on Wednesday announced that it has signed a major deal to deliver its cutting-edge, comprehensive digital banking solution to a leading bank in Africa. In a regulatory filing, the company said that the deal marks Aurionpro’s first major win for its digital banking software in the region. The multi-million-dollar deal includes licensing and
TAIPEI, July 9, 2025 /PRNewswire/ — At the Asian Banking & Finance Awards held on July 3, Cathay Financial Holdings and Cathay United Bank swept 8 awards: Analytics Initiative of the Year – Taiwan, Taiwan Domestic Cash Management Bank of the Year, Taiwan Domestic Trade Finance Bank of the Year, Customer Experience Initiative of the
Copper and coal mining will be hit, while the impact will also be felt on public transport in several states A forum of 10 central trade unions went on strike across the country on Wednesday affecting postal, banking, electricity, public transport among several other services. The forum has claimed that 25 crore workers are being