Bloomberg Forecasts for what would be the first decline in total profits at China’s biggest banks in 10 years are raising concern in the bond market that lenders will need state help to clean up mounting bad debts. The yield premium for Industrial & Commercial Bank of China Ltd.’s 6 percent Additional Tier 1 securities, which count as capital ...

  Bloomberg The Bank of England will cut interest rates close to zero later this year as concern persists about the longer-term impact of the Brexit vote, according to a survey. Forecasts in the latest Bloomberg monthly poll show that recent signs of strength haven’t dissuaded economists from the view that there will be a sharp cooling in growth in ...

  Bloomberg ICICI Prudential Life Insurance Co. attracted strong demand for its initial public offering of as much as 60.6 billion rupees ($904 million), as the nation’s biggest such deal in six years drew orders of more than 6.5 times the amount of stock for sale. Institutional investors subscribed to about 7.82 times the number of shares reserved for them, ...