Bloomberg The European Central Bank (ECB) blasted banks for slow-walking their Brexit preparations, telling them they must move additional staff and resources to the European Union in case Britain leaves without a deal on October 31. The central bank said that firms have transferred “significantly fewer activities, critical functions and staff” to their EU operations than originally foreseen as part ...

Bloomberg Oversea-Chinese Banking Corp. (OCBC) is weighing a bid for a controlling stake in PT Bank Permata, an Indonesian lender backed by Standard Chartered Plc, according to people with knowledge of the matter. OCBC is considering an offer for almost 90% of the $1.9 billion bank, said the people, asking not to be named as the deliberations are private. Singapore’s ...

Bloomberg Ever since negative interest rates became a thing, banks have been too afraid to pass them on to retail depositors. That may be about to change. In Scandinavia, where sub-zero rates have been the norm longer than most other places, the finance industry has undergone several drastic adjustments to survive the regime. Banks have relied more on asset management ...