Bloomberg Suruga Bank Ltd., the worst-performing bank stock in Japan this year, tumbled the most since 1975 after the Asahi newspaper reported that it gave property investment loans based on faked applications. Real estate companies provided the regional bank with documentation for loan applications that had been falsified to make borrowers look more creditworthy than they were, the Asahi reported. …

Bloomberg The World Bank won support from its member countries for a $13 billion capital increase, with the US dropping its objection as the lender imposes measures that would potentially reduce loans to China. The boost will be accompanied by internal steps “including operational changes and effectiveness reforms, loan pricing measures, and other policy steps,” the World Bank said in …

Bloomberg New Zealand’s banking sector doesn’t share the cultural problems that are coming to the surface at an inquiry into misconduct in Australia’s financial industry, Reserve Bank Governor Adrian Orr says. “The true problem and challenge going on in Australia is cultural,” Orr said in an interview on Television New Zealand’s Q+A. New Zealand bank culture “is infinitely better than …