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UBS should be banned from doing business in PNG after loan deal, PM tells parliament

James Marape says failed deal cost country ‘in excess of $AUD340m’ and accused bank of overcharging by AUD$175mThe Australian arm of UBS should be banned from doing business in Papua New Guinea for ten years and former prime minister Peter O’Neill shou…

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HSBC to slash post-Covid office space by 40% as profits drop by a third

Bank also reaffirms greater shift towards Asia-Pacific, where most of its earnings come fromHSBC is to reduce its office space around the world by nearly 40% as part of sweeping cost cutting designed to capitalise on new part-office-part-homeworking ar…

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