BLOOMBERG Australian bank margins have hit the peak and earnings are going to become harder to eke out, National Australia Bank Ltd (NAB) Chief Executive Officer (CEO) Ross McEwan warned. Speaking to Bloomberg Television after a record half-year profit failed to ease investor nerves about the bank’s outlook, McEwan said a decline in the share price was “somewhat expected.” “The ...

BLOOMBERG Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block trading practices. “The firm is currently engaged in discussions regarding potential resolution of the investigations by the enforcement division of the US Securities and Exchange Commission (SEC) and the US Attorney’s Office for the Southern District of New York into various ...

GENEVA / WAM The United Nations Conference on Trade and Development (UNCTAD) will host the third UN Trade Forum on May 8-9 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating progress towards achieving the UN’s Sustainable Development Goals. The forum will give particular attention to developing countries, which have been ...