Bloomberg JPMorgan Chase & Co is planning to more than double the advisers in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients. The bank aims to hire more than 500 advisers in coming years, bringing its total in the unit to 1,000, said Kristin Lemkau, who oversees …

Bloomberg Kotak Mahindra Bank Ltd posted an increase in first-quarter profit buoyed by a jump in income from non-lending businesses, including fees for services, even as its bad loan ratio widened because of a deadly second wave of Covid-19 infections during the period. Net income at India’s fourth-largest private lender was 16.42 billion rupees ($220 million), a 32% jump from …

Bloomberg NatWest Group Plc is set to take a minority stake in Permanent TSB Group Holdings Plc as part of a potential deal to offload $8.9 billion of assets to the Irish lender. The two banks signed a non-binding memorandum of understanding to work together on an agreement that would see Permanent TSB take over much of NatWest’s Ulster Bank …