Bloomberg One of India’s biggest banks has accused jeweller Nirav Modi — who’s dressed stars including Kate Winslet and Priyanka Chopra — of involvement in a multi-billion dollar fraud that could extend to other lenders, said people familiar with the matter. Punjab National Bank filed a complaint with the Central Bureau of Investigation, the federal investigation agency, alleging that Modi ...

Bloomberg Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. reported higher fourth-quarter profit even as they added bad-loan provisions in an effort to put the pain of soured credit to energy-services companies behind them. OCBC’s specific net allowances for loans quadrupled year-on-year to S$1.06 billion ($802 million) in the three months ended December, the bank said on Wednesday. Risks from ...

Bloomberg Credit Suisse AG’s bonus pool increased at a slower pace in 2017 than a year before, showing that the bank remains cautious about spending as its restructuring continues. Total bonuses for 2017 will rise 3 percent, Adam Gishen, head of investor relations, said in a phone interview with Bloomberg. That’s lower than the 6 percent gain seen the year ...