AFP French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said on Monday. Swiss banking giant UBS said in July that the Swiss authorities had asked it to provide client information following a French request for international administrative assistance in ...

  Bloomberg Bank of America Corp. (BofA) plans to eliminate about a dozen senior positions at its corporate and investment banking operations in Asia, the second time the U.S. bank cuts jobs in the region this year, according to people with knowledge of the matter. The reductions by the Charlotte, North Carolina-based bank will involve managing directors and directors and will ...

  Bloomberg China’s central bank drained the most funds from the financial system in six months, adding to speculation that it is keeping a tight rein on cash supply as part of efforts to curb excessive leverage. The People’s Bank of China pulled a net 245 billion yuan ($37 billion) from the financial system through reverse-repurchase agreements, the biggest one-day ...