Latest news with #Tier1
Yahoo
4 days ago
- Business
- Yahoo
Royal Bank of Canada Q2 Earnings Improve Y/Y on Higher Revenues
Royal Bank of Canada's RY second-quarter fiscal 2025 (ended April 30) adjusted net income available to common shareholders was C$4.41 billion ($3.10 billion), up 6.9% from the prior-year reflected the impacts of the specified items relating to the HSBC Canada transaction and integration costs, along with the amortization of acquisition-related intangibles. RY's quarterly results were aided by higher revenues, and marginal growth in loans and deposit balances. However, an increase in expenses and provisions were major headwinds. Probably because of the negatives, RY shares have lost 1.8% since the release of its results. Total revenues were C$15.67 billion ($11.03 billion), up 10.7% year over interest income was C$8.06 billion ($5.67 billion), growing 21.6% from the prior-year quarter. Non-interest income was C$7.62 billion ($5.36 billion), up 1.1% year over expenses were C$8.73 billion ($6.14 billion), up 5.1% from the prior-year company's provision for credit losses was C$1.42 billion ($999.1 million), soaring 54.8% year over year. As of April 30, 2025, Royal Bank of Canada's total loans were C$1.01 trillion ($730.8 billion), up marginally from the prior quarter. Deposits totaled C$1.45 trillion ($1.05 trillion), rising marginally from the previous quarter end. Total assets were C$2.24 trillion ($1.62 trillion), up 2.3% from the previous quarter. As of April 30, 2025, the company's Tier 1 capital ratio was 14.7%, up from the prior-year quarter's 14.1%. The total capital ratio was 16.5%, up from 16.1% in the prior-year Common Equity Tier 1 ratio was 13.2%, up from 12.8% in the prior-year quarter. Solid loan balances and a diversified product mix will likely keep driving Royal Bank of Canada's financials. However, higher provisions on the uncertain economic outlook remains a near-term concern. Royal Bank Of Canada price-consensus-eps-surprise-chart | Royal Bank Of Canada Quote Currently, Royal Bank of Canada carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. HSBC Holdings HSBC reported a first-quarter 2025 (ended March 31) pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)HSBC's results were affected by a year-over-year fall in revenues, higher expected credit losses and other credit impairment charges, partially offset by a fall in Bank DB reported first-quarter 2025 earnings attributable to its shareholders of €1.78 billion ($2.01 billion), up 39.2% year over results were aided by a rise in revenues and lower expenses. However, higher provision for credit losses was a spoilsport. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sinar Daily
30-05-2025
- Sport
- Sinar Daily
Credit to Palmero for learning to sing Negaraku via YouTube
The 23-year-old defender, who performed impressively, said he practised hard to sing Negaraku as best as he could. 30 May 2025 01:43pm Palmero, who played for about 80 minutes before being substituted, impressed on the right side and came close to scoring himself after his long-range strike hit the post in just the seventh minute. - Screenshot from social media KUALA LUMPUR - The latest Harimau Malaya heritage player, Gabriel Palmero, turned to YouTube to memorise the national anthem Negaraku ahead of his international debut against Cape Verde in a Tier 1 international match here last night. The 23-year-old defender, who performed impressively, said he practised hard to sing Negaraku as best as he could. Malaysia will face Cape Verde a second time in a friendly played behind closed doors at the National Stadium in Bukit Jalil on Tuesday (June 3). - Bernama photo "I tried. I watched YouTube and practised a lot to sing the anthem,' he told reporters after the friendly, which saw Malaysia hold world number 72 Cape Verde to a 1-1 draw at the Kuala Lumpur Football Stadium in Cheras. The match saw Paulo Josue get off the bench to score an equaliser in the 79th minute and deny Cape Verde victory after Sidny Lopes Cabral had given them an early eighth-minute lead. Palmero, who played for about 80 minutes before being substituted, impressed on the right side and came close to scoring himself after his long-range strike hit the post in just the seventh minute. The Spanish CD Tenerife B player said he had no issues adapting to his new teammates and that helped him perform well in the game. "My English isn't perfect but I try to speak and communicate. Football is a universal language, so it's easy to connect with my teammates on the pitch,' he said. Malaysia will face Cape Verde a second time in a friendly played behind closed doors at the National Stadium in Bukit Jalil on Tuesday (June 3). The friendlies against Cape Verde are part of Malaysia's preparations for the crucial games against Vietnam in their second Group F match of the 2027 Asian Cup Qualifiers at the National Stadium on June 10. Vietnam and Malaysia jointly top the group with three points each after winning their opening matches. - BERNAMA More Like This
New Straits Times
29-05-2025
- Sport
- New Straits Times
Cklamovski hails Harimau Malaya's focus after Cape Verde draw
KUALA LUMPUR: Malaysia's steady progress in international football was evident as Harimau Malaya held world No. 72 Cape Verde to a 1-1 draw in a Tier 1 friendly at the KLFA Stadium in Cheras last night. National head coach Peter Cklamovski praised his squad's performance, stating that the result reflects the hard work and commitment of the team. "Tonight's match showed our clear focus as a team. It reflects the way we train, our mentality on and off the pitch, and our commitment to improving every day," he said at a post-match press conference. Cape Verde took the lead in the eighth minute through Sidny Lopes Cabral, but substitute striker Paulo Josue equalised in the 79th minute, salvaging Malaysia's pride in front of home supporters. Cape Verde head coach Pedro Leitao Brito expressed satisfaction with the result, highlighting the team's transition, which included 12 new players making their national team debut. "It was a good challenge for both teams. We had chances to score, but considering we had 12 new players, this result is acceptable," he said. Malaysia will face Cape Verde again in a closed-door friendly at the National Stadium in Bukit Jalil on June 3. These matches serve as preparation for Malaysia's crucial 2027 Asian Cup Qualifier against Vietnam on June 10 at Bukit Jalil National Stadium. Malaysia and Vietnam currently lead Group F with three points each after a match played.– BERNAMA
Finextra
20-05-2025
- Business
- Finextra
Nordic Initiative works with nexo standards on payment evolution
The Nordic Initiative has established a strategic partnership with nexo standards to transform payment systems across the Nordic Tier 1 consumer-facing industries. 0 This collaboration aims to develop standardized payment solutions to benefit businesses and consumers throughout the region. The partnership unites major Tier 1 members of The Nordic Initiative, across industries and Nordic borders, to create payment solutions that enhance merchant flexibility while improving customer experience. "This collaboration demonstrates our commitment to creating better solutions for the consumers while providing significant benefits to all of our members", says Iren Tranvaag, CEO of Nordic Initiative. Why nexo standards? As different strategic paths were explored, the Nordic Initiative concluded that nexo standards provides an ideal foundation for fostering cooperation, healthy competition, and innovation. With its robust global membership base, nexo standards brings together key players across the payments ecosystem. 'This partnership enables us to help shape global developments through the newly established Merchant Advisory Council (MAC), where the Nordic Initiative will play a central role in defining the future of payment systems. The collaboration also represents a step toward a stronger European coalition, as the platform welcomes all suppliers who adhere to the specifications', Tranvaag comments. Cost-Efficient and Flexible 'The partnership prioritizes interoperability - creating merchant systems that work seamlessly together regardless of provider. This approach ensures service interfaces can integrate with various systems without restrictions, giving merchants greater operational flexibility. This will contribute to a more robust and cost-effective critical infrastructure that benefits society as a whole, while simplifying collaboration across national borders', says Erik Marcus Torkildsen, Manager Identification & Payments at Rema 1000, part of the leading Nordic and Baltic retail company Reitan Retail. 'Adopting shared standards will make it easier for retailers to integrate new payment service providers or partner with best-in-class vendors greatly minimizing implementation costs and service disruptions. This will make interoperability easier, foster innovation and overcome the challenges posed by proprietary systems', comments Jean-Philippe Joliveau, Chairman of the Board of Directors at nexo standards. 'This is exciting. We will explore how various services can be integrated into the unified merchant solution - covering services like buy-now-pay-later, account-to-account transfer and loyalty programs', says Kai Lindström, Vice President S Group in Finland. Consumers will benefit from more consistent payment experiences across different retailers. The standardization will streamline transactions while enabling merchants to implement new payment options more efficiently.
Business Times
14-05-2025
- Business
- Business Times
Swiss court rules Credit Suisse bonus cuts were unlawful
[ZURICH] A top Swiss court has ruled that the Swiss government's reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023 were unlawful, according to the ruling published late on Tuesday (May 13). The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland's Federal Administrative Court, which upheld their appeal. 'The variable remunerations reduced by the (Swiss finance ministry) were binding, employer-guaranteed claims deriving from a contractual employment relationship,' the court said. 'Such contractual claims are protected by the guarantee of ownership.' The ruling may be appealed to the Federal Supreme Court, the court said in a statement. The finance ministry said it would analyse the ruling and consider lodging an appeal to the Supreme Court. Credit Suisse collapsed in March 2023 and was taken over by its longstanding rival UBS in an operation orchestrated by Swiss authorities. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Acting upon the instructions of the federal Cabinet, the finance ministry in May 2023 ordered Credit Suisse to reduce or scrap outstanding bonus payments for the bank's bosses. UBS, which would have to pay out any restituted bonuses, said it took note of the court's decision. The court's decision is likely to be closely watched by other parties affected by the demise of Credit Suisse. In the aftermath of the bank's collapse, Swiss financial market regulator FINMA wrote down about US$17 billion of Credit Suisse's Additional Tier 1 (AT1) debt, angering bondholders. A number of bondholders have since filed lawsuits against Switzerland seeking compensation for their losses. REUTERS
