Bloomberg Bank of East Asia Ltd., (BEA) the Hong Kong lender facing pressure from Paul Singer’s Elliott Management, said first-half profit dropped 38 percent as China’s slowing economy dragged on lending and caused loan impairments to surge. The shares fell the most in two weeks. Net income fell to HK$2.1 billion ($270 million) for the six months ended June ...

  Singapore / Bloomberg Rabobank Groep, the second-largest Dutch bank by assets, said first-half profit fell 39 percent, hurt by legal costs and restructuring expenses. Net income dropped to 924 million euros ($1 billion) from 1.5 billion euros a year earlier, the closely held bank said in a statement on Thursday. The lender increased provisions by 514 million euros to ...

  Bloomberg Banco Santander SA, Spain’s biggest bank, hired Credit Suisse Group AG to advise on its negotiations to buy Citigroup Inc.’s retail assets in Brazil, people with knowledge of the matter said. Santander, whose Brazil unit generates about 19 percent of the Madrid-based company’s revenue, also hired a Lazard Ltd. venture in Argentina to advise on its proposal to ...