Bloomberg Denmark’s five biggest banks face as much as $15 billion in new capital requirements under proposed changes to global banking rules, according to an expert panel created by the government. Danske Bank A/S the country’s biggest financial group, and others will together see their capital requirements rise 27-39 percent, equivalent to 64-92 billion kroner ($15 billion), the panel said. ...

Bloomberg A pushback against the populist movements that have threatened to destabilise the European Union will help bolster the euro for years, according to Andrew Sheets, chief cross-asset strategist at Morgan Stanley. The US investment bank raised its forecasts for the shared currency on Thursday, projecting it would reach $1.25 early next year, and trade one-for-one against the pound for ...

Bloomberg A handful of Democratic lawmakers have renewed their effort to get a powerful House Republican to investigate Deutsche Bank AG’s loans to President Donald Trump and the bank’s role in helping Russians move billions of dollars from Moscow to the West. In a letter to Jeb Hensarling of Texas, chairman of the House Financial Services Committee, Representative Maxine Waters ...

Bloomberg China’s central bank said it will step up coordinated oversight of systemically important financial institutions, another step toward defusing risk before a gathering of the country’s top leaders later this year. The People’s Bank of China also said it will limit the flow of credit to speculative housing purchases and monitor how global markets are affecting funding in the ...

Bloomberg The Bank of England will strengthen its conflict-of-interest checks as part of its response to the controversy surrounding the resignation of former Deputy Governor Charlotte Hogg after just weeks in the role. Clarity about conflict-approval processes will be improved after a review found ambiguities in BOE policies as well as shortcomings in its systems that heightened the risk of ...

Bloomberg UBS Group AG has brought David Chin out of retirement to run its investment bank in Asia, as it seeks to stem a wave of defections of China-focused bankers. Chin will become UBS’s head of corporate client solutions for the Asia-Pacific region, replacing Sam Kendall, who will relocate to New York as head of global equity capital markets, according ...

Bloomberg Bombardier Inc. is pitching its C Series jetliner for trans-Atlantic operations as the Canadian planemaker pursues a new wave of orders, buoyed by the start of flights from London City airport. The European routes operated by Deutsche Lufthansa AG’s Swiss arm should demonstrate the plane’s abilities to potential buyers and help advance the possibility of services to the US ...

Bloomberg EasyJet Plc’s French pilots have appealed to Stelios Haji-Ioannou, the UK discount carrier’s founder and biggest shareholder, to intervene in a dispute with management over the impact of cost cuts. The SNPL union wrote to Stelios, who goes by his first name, complaining that the Luton, England-based company’s Lean savings program has led to flight cancellations, delays in the ...

Bloomberg SoftBank Vision Fund will invest about $2.5 billion in Flipkart Group, swelling the Indian e-commerce players’ cash hoard as it vies with Amazon.com Inc., people familiar familiar with the matter said. The investment includes approximately $1.5 billion directly into Flipkart and $1 billion for part of Tiger Global Management’s stake, the people said, asking not to be identified discussing ...

Bloomberg Our perpetual smartphone texting is strictly personal: Friends, family, and maybe an ex. We almost never text the myriad businesses we patronize in daily life, though some of them are starting to text us. Now, airlines—an industry not known for stellar customer interactions—are joining the party, and not just to break the bad news about your flight. They’re inviting ...