Credit Suisse Group AG, which runs Asia’s third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.
Preston Hollow Capital LLC, a Dallas- based investment firm that began operations last month with more than $100 million in capital, hired two former Orix USA Corp. executives as it builds its management team.
Mizuho Financial Group Inc. said a former top executive knew it was lending to crime groups three years ago, reversing its stance that only compliance officials were aware and drawing further ire from the financial regulator.
Pressure on Mizuho Financial Group Inc. President Yasuhiro Sato mounted after Japan’s financial regulator told the bank to explain how and when top executives found out about its loans to crime groups.
Westpac Banking Corp. agreed to buy Lloyds Banking Group Plc’s Australian assets as tighter capital rules following the 2008 financial crisis prompt European and U.S. lenders to retreat from the Asia-Pacific region.