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Commerzbank profit falls on low rates, bad loan provisions

  Bloomberg Commerzbank AG reported a 5.2 percent decline in fourth-quarter profit as it set more money aside for troubled loans to the shipping industry and low interest rates continued to weigh on income from lending. Net income in the three months through December decreased to 183 million euros ($195.5 million) from 193 million euros a year earlier, according to ...

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Deutsche Bank analysts say time to short CMBS as retailers ail

  Bloomberg Analysts at Deutsche Bank AG, one of the biggest underwriters of bonds tied to US commercial real estate, say now it’s time to short indexes of the securities. The securities are vulnerable because they are supported by leases from retailers, a lagging part of the economy, wrote Ed Reardon and Simon Mui in a note late Tuesday. A ...

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HSBC to expand in asset, wealth management

  Bloomberg HSBC Holdings Plc is planning to pursue deals to expand in asset and wealth management as the lender seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans. Europe’s largest bank aims to make three or four acquisitions ...

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