Bloomberg New Zealand’s central bank is requiring Westpac Banking Corp.’s local unit to hold more liquid assets while it sorts out problems with risk governance processes. Westpac NZ was found to be in breach of the requirements of the Reserve Bank’s liquidity policy over a period from 2012 to 2020, the RBNZ said in a statement in Wellington. It has ...

Bloomberg Commerzbank AG nominated Helmut Gottschalk, formerly at DZ Bank AG, to head its supervisory board in an attempt to put a quick end to a leadership crisis that threatens to derail bank’s reorganisation. Gottschalk was proposed as a new member of the board, which intends to elect him chairman immediately after his appointment by the annual general meeting, the ...

Bloomberg Deutsche Bank AG plans to rebuild its equity capital markets business in Asia, seeking to stage a comeback amid strong demand for share sales, according to people with knowledge of the matter. The Frankfurt-based lender, which shuttered the majority of its equities business in Asia Pacific in 2019, plans to hire 10 to 12 bankers, said the people. The ...