Bloomberg Credit Suisse Group AG is considering a return to US wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking. Talks have focussed on adding $15 billion of assets under management at a new base in Miami, mostly catering to wealthy Latin Americans, people familiar with the matter said. If ...

Bloomberg Hong Kong banks declined after Morgan Stanley cut the sector’s outlook, saying the stocks will underperform as a slowing economy and falling rates hurt profitability. Bank of East Asia Ltd slumped 4.2%, while Hang Seng Bank Ltd lost 3.3%. The MSCI Hong Kong Index dropped 1.3% after briefly dipping below the 14,000 point level for the first time since ...

Bloomberg The African Export-Import Bank (Afreximbank) said it’s considering an initial public offering to help finance rapidly increasing trade flows on the continent. The Cairo-based lender hired JPMorgan Securities Plc and HSBC Bank Plc as joint global coordinators and bookrunners, and Exotix Partners LLP as co-lead manager, according to a statement. The bank said the offering of global depositary receipts ...