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Ex-StanChart banker to head RHB’s client coverage

  Bloomberg RHB Bank Bhd., Malaysia’s fourth-biggest lender by assets, hired former Standard Chartered Plc banker Goh Ken-Yi to head client coverage in its Singapore securities unit, people with knowledge of the matter said. The banker started working this week at RHB Securities Singapore Pte, according to the people. He was most recently a managing director in charge of commercial ...

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Bank of America, Bain to weigh bids for popular assets

  Bloomberg Bank of America Corp. and Bain Capital’s credit investment arm are considering bids for about 1 billion euros ($1.06 billion) of non-performing assets from Banco Popular Espanol SA as the Spanish lender accelerates efforts to clean up its balance sheet, according to people with knowledge of the matter. Negotiations are ongoing, and an agreement may be reached in ...

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PBOC boosts yuan fixing

  Bloomberg China’s central bank raised its yuan fixing for the first time in 13 days as the dollar’s ascent eased, reinforcing speculation that policy makers are prepared to step up measures to slow the currency’s declines. The People’s Bank of China strengthened its daily reference rate by 0.3 percent to 6.8779 per dollar, ending a 12-day decline that took ...

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