Bloomberg Oversea-Chinese Banking Corp. (OCBC) rallied after fourth-quarter profit rose more than analysts anticipated. Shares of its two large Singapore rivals fell. The bank’s stock surged on Wednesday by the most in almost six months following the release of an exchange statement showing net income climbed 21 percent on higher interest and trading income as well as gains from life ...

AMSTERDAM / AP ABN Amro, the Dutch bank that began a phased return to the market last year, says its 2015 net profit soared 70 percent to 1.9 billion euros ($2.1 billion), despite rising regulatory costs. Chairman of the bank’s managing board Gerrit Zalm said Wednesday that “2015 was a good year for the bank.” Operating income rose 5 percent ...

Washington A Federal Reserve regional president called for the dismantlement of big banks whose failure could pose serious risk to the global financial system. Neel Kashkari, who took office as president of the Minneapolis Fed on January 1 and was a top Treasury official during the 2008 financial crisis, said in a speech that “bolder, transformational options” must be considered ...