Disruption Banking

The Saxo Bank Group announces its financial results for 2024, achieving?the best results in the company’s history. The Group reported a net profit of DKK 1,005 million for 2024, compared to a net profit of DKK 260 million for 2023, corresponding to an increase of 287%. The adjusted net profit for 2024 ended at DKK 1,074 million. https://lnkd.in/e8SNQCnB

Singapore is investigating whether?Dell Technologies Inc.?and?Super Micro Computer Inc.?servers shipped to Malaysia housed?#Nvidia Corp.?chips barred from China, outlining a case that’s highlighted the role of middlemen in funneling high-end semiconductors. https://lnkd.in/eUZZzyQc

Beijing has been consistent in its defense of #yuan stability, shrugging off speculation that authorities will let it weaken to offset the impact of #tariffs. The onshore yuan has weakened 0.4% against the dollar in February as Trump announced his tariff plans, including an additional 10% tariff that would take effect Tuesday https://lnkd.in/ecYKf7Ym

Goldman Sachs Group Inc and BofA Securities rolled back some of their bearish forecasts for the #yuan on the heels of?fresh threats?from US President Donald Trump to impose additional tariffs on China. The revisions came as the yuan defied trade-related depreciation bets so far thanks to support from the People’s Bank of China’s daily reference rate which limits moves in the onshore yuan by 2% on either side. https://lnkd.in/ekHBd-2B

Baidu Inc., the operator of China’s leading search engine, is planning to offer about 10 billion yuan ($1.4 billion) of bonds offshore, people familiar with the matter said, adding to a string of recent debt financings by the nation’s tech companies https://lnkd.in/e93sbhf7

China’s ambassador to #Australia has warned that a decision to?#ban #artificialintelligence app #DeepSeek?from government systems and devices risks further politicizing trade and technology ties between the two countries which only recently stabilized bilateral relations. https://lnkd.in/ghpSH2kJ

Fueled by optimism around #DeepSeek and #artificialintelligence, Chinese traders have?snapped up?mainland tech giants’ shares listed in #HongKong and contributed to a strong rally this year. Their inflows have partially made up for foreign investors’ tepid interest in the region’s equities, and reduced onshore shares’ “A-H premium” over Hong Kong shares to 34% — lower than the 42% average for the past five years. https://lnkd.in/eTQGN2Mf

5 Reasons You Can’t Miss #GFTNForumJapan! This is THE event that will shape the future of #fintech. Are you ready to be a part of it? With the brightest minds all in one place, this is where deals are made and powerful partnerships begin. ?? Gain forward-looking insights that will shape 2025 ?? Hear from trailblazers across policy, tech, and finance ?? Connect and network with industry leaders on your terms ?? Explore cutting-edge innovations at our exhibition showcases Don’t miss your chance to be a part of it! Passes are filling up fast - secure yours before it's too late! https://lnkd.in/dg8wJEmr

Chinese artificial intelligence phenomenon #DeepSeek revealed some financial numbers on Saturday, saying its “theoretical” profit margin could be more than five times costs, peeling back a layer of the secrecy that shrouds business models in the AI industry. https://lnkd.in/dCs-Useg

President?Donald Trump?said on Wednesday that approximately 1 million federal workers who did not respond to billionaire?Elon Musk’s demand to explain their activities are at risk of losing their jobs. https://lnkd.in/dwbSMe-r