Bloomberg Chinese banks maintained their lending rates for a third month, with the central bank’s cautious easing measures and a weaker yuan reducing the scope for further reductions in borrowing costs. The one-year loan prime rate was held steady at 3.7%, the People’s Bank of China (PBOC) said on Wednesday. A slight majority of 9 of the 16 economists ...

Bloomberg Goldman Sachs Group Inc is hiring senior investment bankers in Singapore, according to people with knowledge of the matter, as the US lender looks to bolster its dealmaking capabilities in Southeast Asia. The firm has hired Chua Hui Yin from JPMorgan Chase & Co. to cover corporate finance and execution, as well as Oversea-Chinese Banking Corp.’s Andrew Teo for ...

  Bloomberg Deutsche Bank AG is making headway in its effort to cut hundreds of millions of euros in costs by retiring the legacy IT systems linked to its Postbank unit. The lender “has successfully completed the first step” in a large-scale transformation of the IT systems in its retail business, it said in a statement on Wednesday. The project ...