Bloomberg A top Democratic lawmaker questioned whether Federal Reserve Vice Chairman Randal Quarles can be trusted when he says leveraged lending isn’t a current threat to the financial system, pointing to his failure to foresee similar dangers before the credit crisis a decade earlier. Senator Sherrod Brown of Ohio, at a Banking Committee hearing, quoted a series of recent remarks ...

Bloomberg India’s non-bank lenders rose after a newspaper reported that the Reserve Bank of India will offer them a credit line to help the shadow banks tide over a liquidity crisis. Indiabulls Real Estate Ltd., Dewan Housing Finance Corp. and Reliance Home Finance Ltd. traded more than 10% higher in Mumbai. The benchmark S&P BSE Sensex index gained 2.7% after ...

Bloomberg Goldman Sachs Group Inc. is in exclusive discussions to buy the B&B Hotels chain from European buyout firm PAI Partners. The transaction is expected to close in the second half of this year, PAI Partners said in a statement on Monday, without providing any financial details. Goldman Sachs is doing the deal through its merchant banking division, according to ...