After months of optimistic talk about strong loan pipelines, some banks have started to reap the benefits. Loan growth picked up during the second quarter at several banks that reported their earnings this week. PNC Financial Services Group recorded its …

Listen to article KARACHI: Pakistan Stock Exchange (PSX) rebounded on Wednesday as the KSE-100 index rose nearly 450 points over investor optimism about the ongoing corporate result season and the potential of ratings upgrade. The benchmark index ended …

With the GENIUS Act now law, payment companies that issue or support stablecoins are hoping the rules will be clear, freeing them to start working with stablecoins. The law allows federally insured depository institutions to issue stablecoins under federal …

One of the largest banking and wealth sector technology firms – based in the US – has agreed to acquire Calastone, a business headquartered in London which provides a global funds network. The deal speaks to continued consolidation and ferment in the …

Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied 4,298 points (+3.2% week-on-week) and closed at 138,597, driven by broad-based buying and positive macro developments. The current account recorded a $2.1 billion surplus in FY25, the …

President Donald Trump arrives for a signing ceremony for the GENIUS Act in the East Room of the White House in Washington on Friday. Bloomberg News WASHINGTON — President Donald Trump signed the stablecoin bill into law, marking a major win for crypto …

Regions Financial , the Birmingham, Alabama-based regional bank, plans to upgrade its core deposit platform by 2027, transitioning to scalable, cloud-based software that executives say will deliver products and services to customers more efficiently. …

Nederland, Colorado, would finance its purchase of the privately owned Eldora Mountain Resort by issuing revenue bonds backed only by the facility's earnings. Bloomberg News A small Colorado town wants to finance its purchase of a privately owned ski …

Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York's latest record highs sparked by healthy US retail data and upbeat earnings from some of Wall Street's big names. The readings helped divert …

(MENAFN- Khaleej Times) United Arab Bank on Thursday announced that it posted a net profit of Dh208 million for the first half of 2025, compared to Dh139 million for the same period last year, representing a 50 per cent YoY increase. Total income rose by …