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Barclays officials face FCA interviews in Staley probe

Bloomberg The UK Financial Conduct Authority is setting up interviews with Barclays Plc executives as part of its investigation into Jes Staley’s attempts to unmask a whistle-blower, according to three people with knowledge of the requests. The FCA is planning to interview officials including Mike Ashley, the board member who supervises whistle-blowing complaints and Chief Operating Officer Paul Compton, in ...

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Bad loans at Indian lenders poised to rise from 15-year high

Bloomberg Bad debts at Indian lenders, especially state-run banks, have climbed to a 15-year high and may increase further, a central bank study showed. Under the baseline scenario in a ‘macro stress test,’ the industry’s gross bad-loan ratio may increase to 10.2 percent by March 2018 after climbing to 9.6 percent in March 2017, the highest since 2002, according to ...

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Controversial ‘hunger bonds’ make their way onto market

Bloomberg Venezuela’s “hunger bonds” are now on the market. Goldman Sachs Asset Management, which purchased $2.8 billion of the notes issued by the nation’s state oil company in a controversial transaction in May, began selling some of its holdings over the past few days to create liquidity, according to people with knowledge of the matter. Multiple Wall Street banks are ...

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