Bloomberg HSBC Holdings Plc reported a bigger first-quarter profit than analysts forecast, as Chief Executive Officer Stuart Gulliver guided the Asia-focussed bank through turbulent global markets while paring back costs. Pretax profit fell to $6.1 billion from $7.1 billion a year earlier, the London-based bank said on Tuesday, beating the $4.3 billion average estimate of 14 analysts compiled by ...

  Reuters Summit Bank has received approval from Pakistan’s central bank to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale. The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit ...

  BLOOMBERG Commerzbank AG fell as much as 9.4 percent in Frankfurt, the most in almost three months, after market turmoil and a squeeze to margins hurt sales and halved first-quarter profit. Net income fell to 163 million euros ($188 million) from 338 million euros a year earlier, the Frankfurt-based company said in a statement on Tuesday. Analysts expected profit ...