Bloomberg HSBC Holdings Plc Chief Executive Officer John Flint is pressing ahead with a plan to rein in costs after the Asia-focussed lender reported its best quarter in more than three years. The better-than-expected first quarter results were driven by revenue growth that increased at triple the pace of adjusted operating expenses, reversing a pattern that bedeviled Flint in 2018. ...

Bloomberg BNP Paribas SA reported the biggest fixed-income trading jump of all US and European banks in the first quarter, marking a rebound after recent losses and downgraded targets. Debt trading revenue unexpectedly rose 29 percent from the previous year, helped by growth in rates and foreign-exchange transactions, the French bank said. That helped BNP’s global markets unit — its ...

Bloomberg Hong Kong borrowing costs are expected to remain stubbornly high over the rest of the quarter, supporting the local currency. That’s according to Carie Li, an economist at OCBC Wing Hang Bank Ltd., who says the city’s shrinking cash pool is making banks more reluctant to lend. The one-month interbank rate, known as Hibor, has climbed to 2.07 percent, ...