Bloomberg South Korea’s progressive opposition bloc used its majority in parliament to approve an unprecedented impeachment measure against the interior minister, heating up partisan tensions as worries mount about the country falling into recession. The Democratic Party and small groups passed the measure Wednesday to impeach Lee Sang-min, making him the first cabinet minister in the country’s history to be ...

Bloomberg Societe Generale SA fell short of a pledge to pay out half of its underlying profit to shareholders, even after its fixed-income traders handed Chief Executive Officer (CEO) Frederic Oudea a bigger-than-expected profit. Revenue from buying and selling fixed-income products and currencies jumped 56% in the fourth quarter, beating analysts’ estimates as well as all main rivals so far. ...

  Bloomberg ABN Amro Bank NV reported fourth-quarter profit that beat analysts’ expectations as the Dutch lender restrained costs and announced a $536 million share buyback. Net income of €354 million in the three months through December compared with expectations for profit of €55.1 million, with the result aided by a combination of lower loss provisions and operating expenses, according ...