Banks got caught “chasing yield” and took major losses when the Federal Reserve dramatically hiked interest rates to combat inflation.

Nissan will cut an additional 11,000 jobs and scale back production following a year of wiped-out profits.

JPMorgan Chase CEO Jamie Dimon's tenure is drawing to a close, just as his stature on Wall Street and in Washington, D.C., may be at an all-time high.

Citigroup is selling a unit that houses roughly 180 private-credit, private-equity, infrastructure, and other alternative-asset funds to fintech giant iCapital.

Bill Gates is holding Elon Musk personally responsible for the deaths of thousands of children in poor countries following sweeping U.S. foreign aid cuts overseen by Musk’s Department of Government Efficiency (DOGE).

Alexander Mashinsky, founder and former CEO of cryptocurrency lender Celsius Network, has been sentenced to 12 years in prison for defrauding customers out of millions.

Tonik, the Philippines' pioneering neobank, is rapidly rewriting the rulebook for digital banking in Southeast Asia.

Metropolitan Bank & Trust Co. (Metrobank) reported a net income of PHP12.3 billion for the first quarter of 2025, driven by robust loan growth, strong fee and trading income, and a moderate increase in operating costs.

Belgium’s Ageas has agreed to acquire UK insurer Esure from private equity firm Bain Capital for around £1.3 billion (€1.5 billion).

Goldman Sachs' stock traders posted their highest quarterly revenue on record, driven by market volatility stemming from the global trade war.

Cracks are beginning to appear in the $1.5 trillion private credit market, where major players like Ares Management, Apollo Global Management, Blue Owl Capital, Blackstone, and KKR have long dominated.

For a moment during the pandemic, it looked as if Silicon Valley might lose its dominance in startup investment.

Citigroup has reported first-quarter earnings that exceeded analysts’ expectations, driven by strong performance in fixed income and equities trading.

Bank of America (BofA) has reported first-quarter results that surpassed analysts’ expectations for both profit and revenue, thanks to stronger-than-expected net interest income and trading gains.

Big banks are offering a cautiously optimistic view of how their customers are faring amid President Trump’s escalating tariff war — and so far, the message is that things aren’t as bad as feared.

The Social Security Administration (SSA) has mistakenly classified thousands of immigrants as deceased, effectively preventing them from collecting benefits or working legally in the U.S.

The Department of Finance (DOF) is strengthening the role of the Inter-Agency Technical Working Group on Sustainable Finance (ITSF) as it unveils its strategic plans and priorities for 2025.

Efforts to revive the equity capital markets in the UK are facing early headwinds, as banks express concerns over the upcoming Private Intermittent Securities and Capital Exchange System (PISCES).

Bank Indonesia (BI) will “act boldly” to stabilize the rupiah by intervening in the spot market, domestic non-deliverable forwards, and the bond market after the currency hit a record low against the U.S. dollar.

The Forest Foundation Philippines, with support from the Government of Canada, has awarded over PHP25 million in grants for nature-based solutions (NbS) aimed at climate adaptation in Negros Occidental, Maguindanao del Sur, and Palawan.

A new report from the GSMA Mobile Money Programme, funded by the Gates Foundation, reveals a global milestone: mobile money has now surpassed two billion registered accounts and over half a billion monthly active users.

The Trump administration has halted dozens of research grants at Princeton University, marking the latest escalation in its pressure...

The World Bank has approved an $800 million loan to support the Philippine government’s efforts to scale up the adoption of clean energy...

The Bangko Sentral ng Pilipinas (BSP) and the Hong Kong Monetary Authority (HKMA) have held a High-Level Bilateral Meeting to exchange...