Bloomberg Royal Bank of Canada (RBC) has undertaken a strategic review of its Asian wealth operations following management changes in the region, Chief Executive Officer David McKay said. McKay declined to say whether the Toronto-based bank is seeking a buyer for the business, though previous retreats in international wealth management have come after reviews were initiated. “We always do strategic …

  Reuters Commercial Bank of Qatar (CBQ), the Gulf Arab state’s third-largest lender by assets, reported a 99 percent fall in fourth-quarter net profit, according to Reuters calculations. This meant it widely missed analysts forecasts as it was hit by provisions and weakness among its overseas investments. The bank earned a net profit of 1.4 million riyals ($384,499) in the …

  Bloomberg It took Alphabet Inc.’s Waymo seven years to design and build a laser-scanning system to guide its self-driving cars. Uber Technologies Inc. allegedly did it in nine months. Waymo claims in a lawsuit that was possible because a former employee stole the designs and technology and started a new company. The complaint intensifies Alphabet’s rivalry with Uber, one …