Bloomberg Moody’s Investors Service said it revised its outlook for Singapore’s banking industry to negative from stable, amid growing risks to profitability from exposure to energy-related industries and high levels of corporate leverage. Conditions for the lenders are worsening because of slower economic and trade growth in Singapore as well as more broadly in Asia, Moody’s said. The ratings ...

  Bloomberg For the last eight months, an urgent question has been echoing through the halls of power in Rome, Brussels and Frankfurt: What’s to be done about Italy’s banks? Saddled with some 360 billion euros (US$400 billion) in soured loans and a sputtering economy, Italy’s lenders have been sliding toward the type of crisis that other European countries dealt ...

  BLOOMBERG A week after Britain began voting to leave the European Union, global markets are still being dominated by the consequences. There are signs the tension is easing: The pound held steady after former London Mayor Boris Johnson said he won’t run to succeed David Cameron as U.K. Conservative Party leader, offering the chance of a smoother transition of ...