Bloomberg HDFC Bank Ltd., India’s largest private lender, posted second-quarter profit that beat analysts’ expectations on strong loan growth and fall in bad loans. Net income was 75.1 billion rupees ($1.02 billion) for the three months to September, up from 63.4 billion rupees a year earlier, the lender said in a filing. The profits were 17% higher than the 64.1 ...

Bloomberg Westpac Banking Corp. is cutting more than 150 jobs as Australia’s second-largest lender consolidates its international operations, according to people familiar with the matter. The cuts will impact employees in Beijing, Shanghai, Hong Kong, Mumbai and Jakarta where the Sydney-based bank is exiting its operations. Most staff are locally employed and the process will take one to two years, ...

Bloomberg Wall Street’s top matchmaker for megadeals sees a wave of corporate takeovers coming with a worrying implication for the workforce: a jump in job losses. “Politicians are going to be faced with the uncomfortable reality that you’re going to have more big business doing better and that there’s going to be more losses of jobs along the way,” Goldman ...