Bloomberg Global banks including UBS Group AG and Bank of America Corp are broadening their contingency plans across Asia to ensure they can keep trading and other operations running as the spread of the coronavirus accelerates outside China. Credit Suisse Group AG is among lenders starting to implement alternative work arrangements in South Korea, adding Asia’s fourth-largest economy to the ...

Bloomberg China’s currency is showing strength against peers, despite the country being most affected by the novel coronavirus epidemic. The yuan is approaching its strongest level since August versus a basket of 24 exchange rates, according to data compiled by Bloomberg. Most Asian peers have slumped against the currency in the past five trading days, with the Korean won and ...

Bloomberg Metro Bank Plc plans to cut costs and sell assets to help the struggling lender recover from an accounting scandal that led to heavy losses and the resignation of the firm’s previous boss. The bank reported a pretax loss of 130.8 million pounds ($170 million) for the year after it scrapped technology projects and unveiled plans to move back-office ...