Real-world financial analysis involves information across multiple languages and modalities, from reports and news to scanned filings and meeting recordings. Yet most existing evaluations of LLMs in finance remain text-only, monolingual, and largely saturated by current models. To bridge these gaps, we present MultiFinBen, the first expert-annotated multilingual (five languages) and multimodal (text, vision, audio) benchmark for evaluating LLMs in realistic financial contexts. MultiFinBen introduces two new task families: multilingual financial reasoning, which tests cross-lingual evidence integration from filings and news, and financial OCR, which extracts structured text from scanned documents containing tables and charts. Rather than aggregating all available datasets, we apply a structured, difficulty-aware selection based on advanced model performance, ensuring balanced challenge and removing redundant tasks. Evaluating 21 leading LLMs shows that even frontier multimodal models like GPT-4o achieve only 46.01% overall, stronger on vision and audio but dropping sharply in multilingual settings. These findings expose persistent limitations in multilingual, multimodal, and expert-level financial reasoning. All datasets, evaluation scripts, and leaderboards are publicly released.

Retrieval-augmented Generation (RAG) relies on effective retrieval capabilities, yet traditional sparse and dense retrievers inherently struggle with multi-hop retrieval scenarios. In this paper, we introduce GeAR, a system that advances RAG performance through two key innovations: (i) an efficient graph expansion mechanism that augments any conventional base retriever, such as BM25, and (ii) an agent framework that incorporates the resulting graph-based retrieval into a multi-step retrieval framework. Our evaluation demonstrates GeAR’s superior retrieval capabilities across three multi-hop question answering datasets. Notably, our system achieves state-of-the-art results with improvements exceeding 10% on the challenging MuSiQue dataset, while consuming fewer tokens and requiring fewer iterations than existing multi-step retrieval systems. The project page is available at https://gear-rag.github.io.