Banking

  Bloomberg UBS Group AG’s Sergio Ermotti said he expects to add $50 billion in assets across wealth management and asset management this year as low interest rates limit how much new business the bank takes on. “We are very selective in the way we onboard net new money in terms of profitability,” he said in an interview with Bloomberg’s ...

  Bloomberg Deutsche Bank AG told senior employees on Wednesday that most of them won’t get an individual bonus for last year because of the lender’s performance. The decision affects vice presidents, directors and managing directors, as well as members of the management board, who will forgo their variable compensation, Frankfurt-based Deutsche Bank said Wednesday in a memo. A “limited ...

  Bloomberg Qatar National Bank (QNB), the largest bank in the Middle East and Africa by assets, is raising a $1 billion, three-year syndicated loan in the Asian bank market, sources familiar with the situation said on Wednesday. The Qatari lender is not new to the international loan market and has previously raised large debt facilities in both U.S. dollars ...

  Bloomberg Morgan Stanley reported an 83 percent increase in fourth-quarter profit as fixed-income trading revenue more than doubled, surpassing analysts’ estimates. Net income climbed to $1.67 billion, or 81 cents a share, from $908 million, or 39 cents, a year earlier, the New York-based company said on Tuesday in a statement. The 2015 figure includes a 4-cent accounting charge ...

  Bloomberg Bank of America Corp. is emerging as a winner in the fight for corporate clients and investment-banking fees in Brazil as some of its competitors retreat. The US firm turned in its best showing ever last year in the South American nation, raking in more fees from merger-and-acquisition advising and debt and equity underwriting than any company except ...

  Bloomberg China is increasingly managing the flow of credit with more finely-tuned instruments than its old method of changing how much of their deposits lenders must keep locked away. Banks’ required reserve requirements haven’t changed for almost a year. Instead, the central bank has used short-term lending channels to add almost six times as much funding than would have ...

  Bloomberg Australian banks have ‘appreciably improved’ their mortgage-lending standards, the nation’s regulator said, as it left the amount of additional capital banks are required to hold as a buffer against the build-up of credit risk at zero. The pace of lending to property investors is currently at around half of the regulator’s recommended levels, and higher-risk mortgages had fallen, ...

  Bloomberg Finance executives say they are preparing for the worst on Brexit as Prime Minister Theresa May signaled she plans to pull the UK out of the European single market. “If you don’t know where you are going, you have to plan for the worst and execute faster,” HSBC Holdings Plc Chairman Douglas Flint said in a speech at ...

  DUBAI / Reuters Qatar National Bank (QNB) is broadening its horizons in Southeast Asia after the Gulf’s largest lender reported 8.3 percent rise in fourth-quarter net profit, according to reports. It follows a year in which the bank cemented its position as the largest lender in the Middle East and Africa by assets after completing the 2.7 billion euro ...

  Bloomberg Polish bank shares tumbled on Monday as the country’s watchdogs are seeking to impose higher capital requirements aimed at encouraging lenders to ditch foreign-currency home loans. The WIG Bank gauge slumped 1.7 percent as of 11:36 a.m. in Warsaw, led by MBank SA and Bank Millennium SA, sliding from a one-year high reached last week. Lenders should lift ...