Bloomberg Two of Australia’s largest banks vowed to toughen oversight of their foreign-exchange practices and each pay A$3 million ($2.3 million) to the nation’s financial literacy fund after a regulator found inappropriate conduct in their currency trading divisions. Westpac Banking Corp. and Australia & New Zealand Banking Group Ltd. said on Wednesday they entered into so-called enforceable undertakings with ...

  Dubai / Emirates Business Emirates NBD Asset Management announced the launch of its Emirates Islamic India Equity Fund in partnership with UTI International, one of India’s largest money managers, following approval from the UAE Securities & Commodities Authority (SCA). The Fund aims to achieve medium to long‐term capital growth through direct investments in Shari’a compliant Indian equities. It will ...

  Bloomberg Bank of America Corp. (BofA) views Dublin as its default destination for a new hub inside the European Union if Brexit means the U.K. loses easy access to the single market, according to one of the U.S. firm’s top executives in Germany. The bank will likely move some jobs to other cities across the EU, including Frankfurt, Madrid, ...