Bloomberg Bank of China’s (BOC) top official in New York said he’s boosting compliance efforts amid a US crackdown on illicit money moves that already led to a $215 million penalty against Agricultural Bank of China Ltd. “From the perspective of regulation, the U.S. is the toughest,” Xu Chen, chief executive officer and president of Bank of China’s New ...

Bloomberg Credit Agricole SA, France’s third-largest bank, said quarterly profit doubled from a year earlier as it booked gains from a reorganization and bond-trading income surged. The lender also pledged a stable or rising dividend for next year. Net income climbed to 1.86 billion euros ($2.1 billion) in the third quarter, the bank said in a statement on Tuesday, in ...

Bloomberg The popularity of Malaysia’s ringgit and Indonesia’s rupiah among global investors has made them Southeast Asia’s most volatile currencies, just as the region heads for troubled waters. Already reeling from a commodity slump, debt in the two nations is seen by strategists as the most vulnerable to concerns surrounding the U.S. presidential election and the Federal Reserve’s next interest-rate ...