Bloomberg Wall Street’s biggest banks are scouring US data for signals of an impending recession. On balance, they’ve been finding that a 2019 downturn still isn’t likely — though it’s becoming slightly more so. The current expansion is eight months away from becoming longest in postwar history. Most indicators remain solid enough to suggest it’ll get there. But sell-off in ...

Bloomberg Urjit Patel resigned as governor of India’s central bank amid growing differences with the government on addressing issues ranging from problems at the country’s lenders to utilisation of capital reserves. “On account of personal reasons, I have decided to step down from my current position effective immediately,” Patel said in a statement posted on the central bank’s website. Patel, ...

Bloomberg Commerzbank AG is replacing two top executives as progress in Chief Executive Officer Martin Zielke’s turnaround plan remains uneven. Michael Reuther, who heads the corporate clients unit, will leave when his term expires next September, while Chief Operating Officer Frank Annus-cheit is stepping down at end of the year for health reasons. The changes touch on two key pieces ...