Bloomberg China’s latest monetary policy move, due to take effect on July 5, won’t do much for investors seeking respite from a falling stock market or slumping yuan. 500 billion yuan ($75.7 billion) out of 700 billion yuan freed up by a cut in reserve-ratios announced June 24 is intended to assist banks in funding debt-to-equity swaps — a key ...

Bloomberg Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the US regulators called a $102 million Ponzi scheme. The class-action suit filed on behalf of people who lost money follows a complaint last week by the Securities and Exchange Commission alleging that five men and three companies defrauded more ...

Bloomberg The Bank of England (BOE) stepped up pressure on the European Union to remove threat that Brexit poses to trillions of pounds of derivative contracts. Unless the EU follows the UK government in putting in place temporary workarounds, there could be havoc in financial markets when Britain leaves the bloc next March. Firms could find themselves unable to service trillions ...