Bloomberg Australia & New Zealand Banking Group Ltd.’s sale of businesses in five Asian markets to DBS Group Holdings Ltd. offers the latest sign of consolidation in the region’s highly competitive wealth industry, which has already seen a retreat by European players like Barclays Plc and Societe Generale SA. DBS will pay S$110 million ($79 million) for retail and ...

  Dubai/ Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, revealed that the most traded equity CFDs (Contracts for Difference) in the MENA region are focused on the US stock market and US tech companies. Two of the top three most traded CFD equity indexes by Saxo clients in the MENA region since January 1, 2015 are ...

  Bloomberg Two of China’s biggest banks, Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp., are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and Construction Bank both reported loan-loss coverage ratios below a regulatory minimum of 150 percent of existing nonperforming loans when they disclosed third-quarter earnings. So far, ...