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 ...

  Bloomberg Nykredit Realkredit A/S, the largest lender operating in the world’s biggest market for mortgage-backed covered bonds, reported a 56 percent jump in profit last quarter after management cut costs and revenue increased. The Copenhagen-based lender said net profit excluding minorities rose to 1.87 billion kroner ($269 million) in the fourth quarter from 1.2 billion kroner a year earlier, ...

  Bloomberg Societe Generale SA reported fourth-quarter profit that exceeded estimates, helped by a surprise jump in earnings from French consumer banking. The lender announced plans for an initial public offering of its car-leasing business. Net income was 390 million euros ($417 million), down 41 percent from a year earlier but above the 315 million-euro average estimate of seven analysts ...