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BOJ suffers first loss in four years

  Bloomberg The Bank of Japan had its first loss since Haruhiko Kuroda became governor after the value of foreign currency assets fell, it wrote down bond holdings and set aside more money to cover potential future losses on its holdings of government debt. The bank posted a net loss of 200.2 billion yen ($1.8 billion) in the six months ...

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Portugal’s CGD bank boss quits

  AFP The board chairman of Portugal’s troubled state-owned Caixa Geral de Depositos bank has resigned after weeks of pressure as he refused to declare his assets, the government announced late Sunday. Portugal’s Socialist government said it “regretted” Antonio Domingues’ decision, adding he would not leave his post until the end of December. A finance ministry statement said the government ...

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Barclays wealth units priced below estimate in OCBC sale

  Bloomberg Oversea-Chinese Banking Corp.’s purchase of Barclays Plc’s wealth-management units in Singapore and Hong Kong was priced at $227.5 million, 29 percent below an initial estimate, after the amount of assets being transferred fell. The final price is based on 1.75 percent of the $13 billion of Barclays assets transferred to Bank of Singapore, OCBC’s private-banking arm, the Singaporean ...

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