Banking

  Bloomberg US prosecutors are considering a criminal charge against a unit of HSBC Holdings Plc related to conduct on its foreign-exchange desk, according to two people familiar with the matter, imperiling an earlier deal that let the bank avoid prosecution. The Justice Department has already charged two people who were on the bank’s foreign-exchange desk with improper trading and ...

  Bloomberg The Chinese bank with the biggest branch network in the country is pigging out on capital. Not only does Postal Savings Bank of China hope to scoop up at least $8 billion in an initial public offering this month in Hong Kong, it also plans to raise almost as much money by selling Tier 2 securities. Postal Savings ...

  Bloomberg China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs. A decline of 1.5 percent from the end of last year left 1.62 million workers at Agricultural Bank ...

  Bloomberg Malaysia’s central bank left its benchmark interest rate unchanged following July’s surprise cut, as policy makers wait to see if the government will adopt additional stimulus measures in its budget next month. Bank Negara Malaysia kept the overnight policy rate at 3 percent, it said in a statement in Kuala Lumpur Wednesday. The decision was predicted by 14 ...

  Bloomberg Poland’s central bank kept its key interest rate unchanged at a record low for a 17th month as economic growth stabilized around 3 percent and deflation stretched into a third year. The 10-member Monetary Policy Council on Wednesday left the seven-day reference rate at 1.5 percent, matching the predictions of all 30 economists surveyed by Bloomberg. Governor Adam ...

  Reuters The chief banking officer of Bank ABC, Ray Ferguson, will step down from his position at the Bahraini lender in early 2017, according to an internal memo seen by Reuters on Tuesday. Ferguson, hired from Standard Chartered in 2014, had been tasked with helping to formulate and implement a refreshed strategy at the bank which included expanding abroad ...

  Bloomberg The European Central Bank might need to change the rules of the game if it wants to keep playing in the bond market. President Mario Draghi’s 1.7 trillion-euro ($1.9 trillion) asset-purchase program is scheduled to end in just six months, but euro-area inflation is still weak and the full shock of the UK’s Brexit vote could be yet ...

  Bloomberg Singapore has increased inspections of banks’ anti-money-laundering and terrorism- financing controls as it steps up enforcement actions against misconduct in the industry, the head of the central bank said. Financial institutions must promote constant vigilance and set the right moral tone, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at an event hosted by ...

  Bloomberg Turkey’s central bank lowered reserve requirements for banks, the third time since July’s attempted coup that the regulator has acted to boost lira and foreign-exchange liquidity. Lira reserve requirement ratios were lowered by 50 basis points, the bank said in a statement on Tuesday. The bank also lowered the amount of foreign-exchange and gold that lenders must keep ...

  Bloomberg The UK state-backed lenders Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc fell in London trading after Deutsche Bank AG analysts cut ratings on their shares on the potential for Brexit to crimp their earnings. RBS fell as much as 3.6 percent after David Lock, an analyst at Deutsche Bank, downgraded the stock to sell ...