BLOOMBERG The US will hold joint exercises with Coast Guards from Japan and the Philippines for the first time starting from this week amid elevated tensions with China in the region. The trilateral drills will be done off Bataan province that’s facing the South China Sea from June 1 to 7, according to a Philippine Coast Guard statement. The exercises ...

BLOOMBERG  UBS Group AG and Credit Suisse Group AG are offering a rare incentive for their wealth bankers in Asia to bring in fresh cash, underscoring the challenges the former Swiss rivals face to ensure stability as they seek to complete a government-orchestrated merger. Relationship managers at both firms will receive commissions of 15 basis points, or $0.15 for each ...

BLOOMBERG  Bank of America Corp (BofA) plans to ask about 40 bankers in Asia to look for jobs in other divisions as it looks to manage the industry-wide decline in dealmaking while trying to avoid headcount reduction. About half of these client-facing roles are based out of Hong Kong with a focus on China, and the majority of the affected ...