Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective.
Bank of America Corp
will seek more lending and cash management business with
companies in Asia and elsewhere outside its U.S. home turf,
Chief Executive Brian Moynihan said, an area ripe for expansion
where it lags its big rivals.
Japanese financial services firm
Orix Corp will buy Dutch asset manager Robeco from its
owner Rabobank for about 240 billion yen ($2.6
billion) in a cash and stock deal, sources familiar with the
matter said on Friday.