Bloomberg The Reserve Bank of India (RBI) will seek to buy more than 3 trillion rupees ($41 billion) of sovereign bonds in the next fiscal year to support the government’s borrowing plans, according to a person with knowledge of the matter. That will exceed the 3 trillion rupees the RBI is expected to spend for the current year ending March. ...

Bloomberg Societe Generale SA vowed to return capital to investors even as it ended its first losing year in more than three decades with a slump in trading. In contrast to double-digit trading gains at Wall Street peers, SocGen saw equities trading — its traditional strength — falls 7% from a year earlier and fixed-income revenue drop 16%. Net income ...

Bloomberg ABN Amro Bank NV scrapped its dividend for 2020 and posted its first annual loss in a decade as pandemic weighed on lending income and lender restructured its investment bank. An unexpected profit of about 54 million euros ($65 million) in the fourth quarter wasn’t enough to save the Dutch lender from its first negative result since 2010. The ...