Bloomberg UniCredit SpA’s German operations are set to take about half group’s planned job cuts as the firm seeks to boost profitability at the underperforming unit. Chief Executive Officer Andrea Orcel plans to eliminate about 1,500 positions at subsidiary HVB as part of his new strategy that’s slated to be unveiled next week, people familiar with the matter said. Those ...

Bloomberg UBS Group AG’s London headquarters will be bought by Korea’s National Pension Service (NPS) and LaSalle Investment Management for about 1.25 billion pounds ($1.7 billion). The silver building’s current owners Hong Kong-based CK Asset Holdings Ltd started initial discussions with a handful of potential buyers earlier this year, Bloomberg reported at the time. NPS, working with LaSalle, was the ...

Bloomberg The European Central Bank (EBC) is weighing curbs on the riskiest part of banks’ lending to indebted companies amid fears of a potential blow-up in the market. Officials on the ECB’s supervisory board have discussed capping newly originated highly-leveraged transactions at a certain share of individual banks’ balance sheets, the people said, asking not to be identified as the ...