Bloomberg Oversea-Chinese Banking Corp. agreed to buy National Australia Bank (NAB) Ltd.’s wealth management business in Singapore and Hong Kong, in the latest move by a Singapore lender to bolster operations serving Asia’s rich. OCBC said the business it’s buying is made up of a mortgage portfolio of about $1.7 billion and deposits of some $3.05 billion, according to a ...

Bloomberg CIMB Group Holdings Bhd. hired seven people recently at its private bank in Singapore, according to a person familiar with the matter, as it seeks to become one of the top 20 Asian players in the sector. Five of the hires have already started and the remaining two will join by September, said the person, who asked not to ...

Bloomberg Barclays Plc’s Jes Staley said he needs another six to 18 months before the bank can generate an acceptable return for investors, spelling out for the first time how long his strategy should take to bear fruit. “The group’s statutory return on equity is 9 percent, and we want to get that to 11 percent — I think we ...