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Indian nationalism comes to the movie theater

  Amid rising Hindu nationalism, the Supreme Court of India has ordered theaters to play the national anthem before films and directed moviegoers to stand at attention — no excuses. The Indian Constitution is a wonder of the world, but this decision undercuts free-speech and individual rights at a moment when the country can ill-afford it. The court, which has ...

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EU banks at risk from bad loans, low profit

  Bloomberg The greatest risks facing European Union banks are high levels of bad loans and lower profitability, the bloc’s financial regulator said in a report. The European Banking Authority said that while EU-wide lenders had strengthened their capital buffers, technology-related risks were increasing amid lingering litigation concerns. Presenting its ninth report on “risks and vulnerabilities in the EU banking ...

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RBS ready to deepen investment bank cuts

  Bloomberg Royal Bank of Scotland Group Plc will probably deepen cuts at its investment bank and its Irish business to boost capital after flunking Bank of England stress tests, according to analysts. The Edinburgh-based lender may need to dispose of 44 billion pounds ($56 billion) of risk-weighted assets to improve its capital buffers, analysts at Barclays Plc led by ...

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