Bloomberg JPMorgan Chase & Co is planning to more than double the advisers in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients. The bank aims to hire more than 500 advisers in coming years, bringing its total in the unit to 1,000, said Kristin Lemkau, who oversees …

Bloomberg Kotak Mahindra Bank Ltd posted an increase in first-quarter profit buoyed by a jump in income from non-lending businesses, including fees for services, even as its bad loan ratio widened because of a deadly second wave of Covid-19 infections during the period. Net income at India’s fourth-largest private lender was 16.42 billion rupees ($220 million), a 32% jump from …

Bloomberg NatWest Group Plc is set to take a minority stake in Permanent TSB Group Holdings Plc as part of a potential deal to offload $8.9 billion of assets to the Irish lender. The two banks signed a non-binding memorandum of understanding to work together on an agreement that would see Permanent TSB take over much of NatWest’s Ulster Bank …

Bloomberg Three years after the world learned of Danske Bank’s central role in one of Europe’s biggest money-laundering scandals, the cost of that stunning failure of governance is still palpable. Denmark’s biggest bank, once among the Nordic region’s most reputable companies, has yet to fully resurrect itself from a dirty money affair that’s made it the target of ongoing criminal …

Bloomberg Stocks fall with US futures on Monday at the start of a busy week of earnings and policy updates, with China’s widening technology crackdown weighing on risk sentiment. Treasuries rise. Contracts on key US gauges slipped following a record close for Wall Street. European equities fall from an all-time high as carmakers and banks led losses. Shares in China …

Bloomberg Some of the assets most exposed to fears around the spread of the delta variant are luring traders with tempting signals of strength and stability. Emerging-market corporate earnings have outpaced estimates for the first time in 30 months amid an economic rebound in developing nations. Meanwhile, MSCI’s index of emerging currencies remains up this year, defying the declines seen …

Bloomberg The US and China barreled into their first high-level talks since March trading sanctions and rhetorical barbs, raising the stakes for the effort to stabilise strained relations between the world’s two largest economies. Deputy Secretary of State Wendy Sherman, the US’s No. 2 diplomat, is set to meet Foreign Minister Wang Yi on Monday in Tianjin, about 60 miles …

Bloomberg The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye Stillwater Ltd, the No. 1 platinum miner, Impala Platinum Holdings Ltd and Anglo American Platinum Ltd said they plan to scale up …

Bloomberg Offshore wind farm developers are finding one more thing in common with the fossil fuel industry: community backlash on both sides of the Atlantic. Much like the resistance to fracking in parts of the US and the UK, oceanfront towns have fought against power lines running ashore from wind farms, even as the massive turbines themselves are mostly out …

Bloomberg Enel SpA, Italy’s largest utility, plans to dramatically boost its electric mobility business in the next decade, installing 4 million charging stations worldwide from the current 180,000, Chief Executive Officer Francesco Starace said in an interview with daily Corriere della Sera on Sunday. “Our role is to act alongside car manufacturers in order to understand how to set up …