BLOOMBERG Australian banks are “unquestionably strong” with solid capital and liquidity buffers, a senior Reserve Bank (RBA) official said, alleviating fears that stresses in the global financial system could hurt the nation’s big four lenders. “Volatility in Australian financial markets has picked up but markets are still functioning and, most importantly, Australian banks are unquestionably strong,” RBA Assistant Governor Chris ...

BLOOMBERG UBS Group AG had its credit outlook lowered by S&P Global Ratings and Moody’s Investors Service as the bank faces integration and restructuring challenges following its emergency takeover of Credit Suisse Group AG. The Swiss lender’s rating outlook was cut to negative from stable by both firms, with analysts citing the risk of client attrition and the complex task ...

BLOOMBERG Bank of America Corp’s (BofA) Asia-Pacific prime financing head Graham Seaton has left the firm, according to people familiar, after more than 10 years overseeing teams dealing with hedge funds. Seaton, who was based in Hong Kong, left the bank early March, the people said, requesting not to be named because the matter is private. He resigned for personal ...