Bloomberg Ireland’s drive to recoup money from the bank rescue that almost bankrupted the nation is finally gaining pace. The Irish government started the process of selling 25 percent of Allied Irish Banks Plc, (AIB) after spending 21 billion euros ($23.5 billion) bailing out the lender following the 2008 financial crisis. In comments aired on Wednesday, Finance Minister Michael Noonan …

Bloomberg JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon said China has made “huge progress” on market reforms and he would like to increase his firm’s businesses in the nation. The New York-based JPMorgan is hoping to get a corporate bond license in China and would consider another joint venture in Asia’s biggest economy, Dimon said in an interview …

Bloomberg The People’s Bank of China (PBOC) has surprised many with its tolerance for market pain as it squeezes leverage in parts of the financial system. But rest assured, China won’t clamp down so hard it endangers President Xi Jinping’s goal to keep growth above 6.5 per cent, according to economists from Morgan Stanley, Mizuho Securities and Oxford Economics. “Some …