StanChart beats estimates with 40% profit jumpTuesday 01 November 2022
Standard Chartered (StanChart) reported a 40 per cent increase in quarterly profit as higher interest rates boosted the emerging markets-focused bank’s income and gave it ammunition to upgrade its revenue outlook.
U.S. economy returned to growth last quarter, expanding 2.6%Tuesday 01 November 2022
Stronger exports and consumer spending helped restore GDP.
Credit Suisse posts Q3 loss of 4b Swiss francsTuesday 01 November 2022
Credit Suisse Group lost 4 billion Swiss francs in the third quarter, badly missing the average estimate of 413 million francs in a consensus compiled by the embattled Swiss bank which also unveiled its new strategy.
Banks adjust prime rates again after latest BoC hikeTuesday 01 November 2022
The central bank raised its key lending rate to 3.75%.
Singapore’s financial sector has a road map for successTuesday 01 November 2022
AS companies around the world strive to navigate volatile macroeconomic and geopolitical conditions, Singapore’s financial sector finds itself in an advantageous situation. Many of its firms have already started investing in digitisation, efficiency and productivity to better prepare for unforeseen crises.