Pre-tax profits rise 3% at Asia-focused bank
Bill Winters of emerging markets-focused bank criticises US and UK aid cuts
UK lender becomes first major bank to offer spot bitcoin and ether transactions
Plus, Standard Chartered battles 1MDB lawsuit and Santander buys TSB
Liquidators still trying to recoup billions of dollars siphoned from Malaysia’s sovereign wealth fund and then laundered
Lender now has fairly clear focus on two growth areas: banking large international companies and managing wealth for the ‘affluent’
Indian tycoon tells conglomerate’s annual meeting that governance meets global standards
Chief executive Bill Winters says bank remains ‘watchful’ on impact of US tariffs
Trump’s tariffs have prompted businesses across the pond to question ties that have bound them to the US
High Court rules investors including passive funds which had not read bank statements can still sue
Slower-than-expected climate action blamed for move to cut back dedicated teams
Lender reduces chief executive’s basic pay by 40% but higher reward possible after UK’s abolition of cap
Former Absa chief Maria Ramos likely to steer CEO succession at Asia-focused lender
Wealth business had record quarter as revenues rose 32%
Business expectations lowered for summit to be held in Baku next month
Legal battle over how UK-based bank pays its dividend
In the coming quarters, sticking to cost reduction plans will be key to keeping earnings strong
Bill Winters cites ‘attractiveness’ of new administration as bank reports rising profits
Court filings seek to revive a US lawsuit with alleged evidence of payments helping Hizbollah and Taliban
Examples of best practice among company legal teams in the Asia-Pacific region
Lender reports $1.9bn in first-quarter pre-tax profits
Bank launches cost-cutting measures
Simon Cooper, once tipped as the next chief executive, departs as bank seeks to boost ailing share price
Emerging-markets lender announces $1bn stock buyback as fourth-quarter profits surge almost tenfold
Most in need are the bank’s long-suffering and return-hungry shareholders
