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BNP Paribas posts lower trading revenue on fixed-income drop

Bloomberg BNP Paribas SA couldn’t avoid the trading slump that dragged down results at its biggest US and European competitors in the third quarter, as low interest rates and tepid demand from clients curbed activity. Income from trading bonds, currencies and commodities at BNP fell 26 percent to 801 million euros ($932 million) from a year earlier, based on figures ...

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Bank of China slumps to 4-month low

Bloomberg Bank of China Ltd. shares slumped the most in almost four months in Hong Kong after the lender failed to report the same improvements in asset quality as its rivals. The stock lost 3.2 percent to HK$3.90 as of 11:16 a.m. local time, paring its rally this year to 13 percent. Bocom International Holdings Co. and Huatai Securities Co. ...

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Bank Central Asia prowls for acquisition targets

Bloomberg PT Bank Central Asia is seeking to buy a mid-size lender as intensifying competition and a sluggish Indonesian economy prompt some owners to consider exiting the industry, according to the firm’s top executive. Southeast Asia’s largest lender by market value after DBS Group Holdings Ltd. has set aside about 4 trillion rupiah ($295 million) this year to finance an ...

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