Banking

Bloomberg India’s government kicked off a party in the bond market last week. And the central bank won’t want to spoil that. While Governor Urjit Patel and his monetary policy committee have turned more hawkish on inflation recently, they are set to hold the benchmark interest rate at 6 percent, according to all 26 economists in a Bloomberg survey. That ...

Bloomberg Deutsche Bank AG needs to scale back its US operations and focus on serving European companies to unlock capital and improve returns, according to analysts at JPMorgan Chase & Co. The US business “consumes material balance sheet resources” while suffering from “persistently low profitability,” Kian Abouhossein and Amit Ranjan wrote in a note to clients on Wednesday. The alternative ...

Bloomberg China’s biggest lenders are increasingly using short-term financing to meet demand for loans, in a de-velopment that could push up money-market rates. The banks are rushing to sell negotiable certificates of deposit, an instrument that sounds like a saving account but is actually more like a bond. Issuance of these by the five largest lenders more than doubled to ...

DUBAI / Reuters Oman’s central bank said on Tuesday it is relaxing capital and credit exposure rules for commercial banks and taking other steps to boost lending in a bid to boost economic growth. The Omani economy and financial markets have come under pressure from low oil prices and rising US interest rates, which are closely linked to rial rates, ...

Bloomberg The Bank of Japan (BOJ) is talking about how to eventually exit from its massive monetary stimulus program but it’s still too early to reveal details, Governor Haruhiko Kuroda told parliament on Tuesday. “Internally we’re conducting various discussions,” at the staff level, Kuroda said in response to a question from a lawmaker. How the BOJ normalises policy will depend ...

Bloomberg Societe Generale SA expects to be part of some “very large” deals involving Saudi Arabia this year, the bank’s chief executive officer for the Middle East said. “Saudi is the next big thing for us, so you will see us much more around very large Saudi Arabia transactions this year,” Richad Soundardjee said in an interview with Bloomberg TV. ...

SYDNEY / Reuters Australia’s central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet. As widely expected, the Reserve Bank of Australia (RBA) ended its April policy meeting with the benchmark rate at 1.5 percent, where ...

Bloomberg Indonesia’s incoming central bank governor vowed to ensure the stability of the currency as emerging markets brace for further volatility on the back of rising interest rates in the US and elsewhere. The Indonesian parliament on Tuesday confirmed Perry Warjiyo, 59, as the next governor of Bank Indonesia following last week’s endorsement of lawmakers from a committee responsible for ...

Bloomberg Deutsche Bank AG is preparing to reshuffle its supervisory board as the future of Chief Executive Officer John Cryan and Chairman Paul Achleitner is called into question. John Thain, a former CEO of Merrill Lynch, is expected to join the troubled German bank in May, according to a person with knowledge of the lender’s plans. He is one of ...

Bloomberg Volatility may be here to stay — but there’s a lot investors can do to prepare for it. “Hedges against late cycle volatility bursts in credit, dispersion and cross-asset volatility as the equity/bond correlation itself becomes more volatile” are one key theme in Societe Generale SA’s second-quarter outlook from strategists led by Kokou Agbo-Bloua, the firm’s head of flow ...