Bloomberg Commerzbank AG’s long search for scale is finally starting to pay off, but it’s costing more than expected. Profit and revenue at Germany’s second-largest listed bank beat the highest estimate in the second quarter, as it expanded its business more aggressively. However, its core capital level dropped surprisingly, due to it taking on more risk in its corporate loan ...

Bloomberg Credit Suisse Group AG hired private banker Heinz Puth and three others from Swiss rival Julius Baer Group Ltd. to boost its Singapore team focussing on wealthy Indonesians, according to a person familiar with the matter. Puth and the former Julius Baer relationship managers will report to Johanes Oeni, who heads Credit Suisse’s private banking market group for Indonesia, ...

Bloomberg Australia’s securities regulator will embed supervisors in the big-four banks in a push to get tough on corporate misbehaviour after a string of scandals. Australian Securities & Investments Commission (ASIC) staff will be placed inside Commonwealth Bank of Australia, Westpac Banking Corp., National Australia Bank Ltd., Australia & New Zealand Banking Group Ltd. and embattled wealth manager AMP Ltd. ...