Transaction Banking
Saudi Arabia’s banking sector continued to expand in July 2026, with total assets reaching SAR 5.75 trillion ($1.5 trillion), according to the latest data from the Saudi Central Bank (SAMA)….
Royal Bank of Canada (RBC) has established Global Transaction Banking (GTB) as a unified global business, advancing RBC’s role as a globally connected bank providing trusted expertise to help clients…
Deutsche Bank’s appointment as a renminbi clearing bank marks another step in China’s efforts to expand the international use of its currency. Earlier this week, China has appointed Deutsche Bank…
The five biggest US banks posted stronger-than-expected second quarter results, fuelled by resilient consumer spending, elevated trading activity, and robust investment banking fees, while also investing in long-term growth strategies….
A jump in imports and weaker exports pushed the US goods trade deficit to its highest level in 14 months, raising concerns that net exports will weigh on economic growth…
Standard Bank and ICBC have been jointly authorised by the People’s Bank of China to operate the Renminbi Clearing Bank of Africa, granting direct RMB clearing rights across 19 African…
Strong market activity, wealth inflows, and lower-than-expected credit costs support earnings, while risks linger across regions. Global banks reported resilient profitability in the first quarter of 2026. The biggest drivers…
The Federal Reserve has ended its enforcement action against Wells Fargo, closing the book on the bank’s fake accounts scandal after nearly a decade of oversight. After nearly ten years…
United Overseas Bank has reported a 7% decline in fourth-quarter net profit to SGD 1.41 billion as shrinking margins offset growth in loans and record-breaking fee income. United Overseas Bank,…
UBS has received conditional regulatory approval that brings it closer to securing a US national bank charter, underscoring its commitment to expanding its wealth management business in a key growth…