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Commerzbank leaders toppled in Cerberus-led investor revolt

Bloomberg Commerzbank AG’s leadership was toppled in a shareholder revolt led by Cerberus Capital Management after failing to turn around a lender that’s struggled since its bailout in the financial crisis. Chief Executive Officer Martin Zielke, in the job for just over four years, has offered to resign, though the bank’s supervisory board still has to accept his resignation and ...

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HSBC pledges more investments in China

Bloomberg HSBC Holdings Plc pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security legislation to crack down on Hong Kong. The bank, which has come under fire over its support for the legislation, announced it was starting a new service to provide customers in mainland ...

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China bank regulator lists firms it says violated investor rules

Bloomberg China’s banking and insurance regulator for the first time published names of companies that it alleges committed shareholder violations in the industry, warning investors against misbehaviour as the sector tries to attract private and foreign capital. The China Banking and Insurance Regulatory Commission’s list of 38 companies, published on its website, didn’t identify the banks or insurers they invested ...

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