Banking

Bloomberg India’s shadow banks are likely to see a further squeeze on their profit margins after the Reserve Bank of India (RBI) signalled it will tighten liquidity requirements to bring them in line with the country’s more closely regulated commercial banks. Instead of providing a much-expected liquidity window to non-bank finance companies via the regular lenders, the central bank took ...

Bloomberg The People’s Bank of China is acting to increase the supply of short-term funding to banks after the seizure of a regional lender rattled domestic markets. China’s central bank injected a net amount of 150 billion yuan ($21.7 billion) through open-market operations, the most since the week ended March 8. Regulators announced that they will take control of Baoshang ...

Bloomberg Italy will seek a seat on the European Central Bank’s Executive Board and use it to push the institution to buy bonds to fund infrastructure projects, according to a senior lawmaker in the coalition government. European Union leaders are preparing to start negotiations over the next suite of top policy positions including a replacement for ECB President Mario Draghi. ...

Bloomberg Deutsche Bank AG is considering options including a capital increase as part of a wider overhaul it plans to unveil in the next two months, people with knowledge of the matter said. Tapping investors for fresh cash is the least favoured option because management is aware that it could trigger a backlash in light of Deutsche Bank’s low stock ...

Bloomberg The most hawkish member of Poland’s Monetary Policy Council said a single interest-rate increase is needed to ward off the rising threat of inflation. Central banker Kamil Zube-lewicz said that such tightening wouldn’t harm economy but ev-en he holds out little hope that the 10-member policy panel — which has kept the benchmark unchanged for seven years — will ...

Bloomberg China’s first government takeover of a bank in more than two decades has underscored the potential for increased stress at regional le- nders that piled into off-book financing in recent years. Regulators said that they would assume control of Ba-oshang Bank Co. for one year because of “serious” credit risks. The Inner Mongolia-based lender, once seen as a model ...

Bloomberg Citigroup Inc, Royal Bank of Scotland Group Plc and JPMorgan Chase & Co are among five banks named in a class action lawsuit in Australia seeking damages for colluding on foreign-exchange trading strategies. UBS Group AG and Barclays Plc were also named in the suit lodged on Monday in the Federal Court by Maurice Blackburn Lawyers. The action claims ...

Bloomberg Japan’s regional banks have long been relegated to the sidelines in one of the most lucrative corners of the lending market while regular loans got gradually less profitable. Now some are fighting back. Shizuoka Bank Ltd has lined up a network of 40 local lenders that will invest in structured assets such as project finance and non-recourse real estate ...

Bloomberg Deutsche Bank AG Chief Executive Officer Christian Sewing is targeting the investment bank for “tough cutbacks,” notably in equity trading, in a campaign to restore market confidence following the breakdown of takeover talks with Commerzbank AG. “I can assure you: we are prepared to make tough cutbacks” to the securities unit, Sewing said at the bank’s annual shareholders’ meeting ...

Bloomberg European Central Bank officials are approaching a major decision on new stimulus amid conflicting economic data and differences over what to do about it. Economists at the ECB are preparing forecasts for President Mario Draghi to unveil next week that will show whether they still believe an upturn will materialise in the second half of the year. The Governing ...