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Vanishing Hong Kong housing packages strip bankers of peak views

  Bloomberg Expat housing packages are so 2012. Long the golden privilege of the Hong Kong-based finance and banking crowd in Asia, the days of guaranteed housing allowances fat enough to rent a 4,000-square-foot harbor-view home on the Peak or a townhouse in exclusive Repulse Bay for HK$300,000 ($38,650) a month are gone. That perk is being slashed or eliminated, ...

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SWIFT directs banks to share info on hacks

  LONDON / Reuters International financial messaging service SWIFT has directed all its client banks to share information on attacks on the system to help prevent hacking, after criminals recently used SWIFT messages to steal nearly $81 million from the Bangladesh central bank. It was reported earlier that Wells Fargo , Ecuador’s Banco del Austro (BDA) and Citibank, whose managing ...

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UniCredit weighs stake sale, Yapi spills

  Bloomberg Yapi ve Kredi Bankasi AS fell most in more than 11 months after a report UniCredit SpA may sell its stake in Turkey’s fourth-largest listed lender. Yapi Kredi Bank declined 5.6 percent to 3.72 liras at close in Istanbul, the biggest decline since June 8. The stock also pared its gains for 2016 to 13.1 percent. UniCredit SA, ...

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