Bloomberg Asia’s top private banks posted their first drop in assets under management and number of relationship managers in at least three years as the region’s economic growth slowed and mounting regulatory pressure forced them to reject some clients. Total assets at the 20 biggest banks in Asia fell 4.2 percent to $1.47 trillion last year, as the number of ...

Budapest / Reuters Hungary’s state-owned MKB Bank posted a loss of 76.4 billion forints ($277.3 million) last year, down from 148.1 billion in 2014, as the costs of spinning off a large chunk of distressed debt still pushed it deep into the red, it said on Wednesday. Last year MKB disposed of a gross 213 billion forints worth of bad ...

Warsaw / Reuters Polish bluechip lender Alior Bank plans to raise up to 2.2 billion zlotys ($587 million) from a rights issue of shares to finance its flagged takeover of local rival BPH and strengthen its capital base, it said on Wednesday. Alior, controlled via a 25.2 percent stake by Polish state-run insurer PZU, wants its shareholders to approve the ...