Bloomberg European governments are actively discussing nominating Bank of England (BOE) Governor Mark Carney as the next head of the International Monetary Fund, according to a person familiar with the matter. While a Canadian by birth, Carney holds British and Irish passports, so his selection would technically preserve the seven-decade practice of a European running the Washington-based lender. The BOE ...

Bloomberg India will inject another 700 billion rupees ($10.2 billion) into state banks, giving them a bigger cushion to absorb loan losses and bolster credit growth at a time when the country’s shadow banks are in retreat. The new infusion will “boost capital so that credit can be further improved,” Finance Minister Nirmala Sitharaman said, while presenting the federal budget ...

Bloomberg Christine Lagarde is set to join what remains a minority of women in senior roles at euro-area central banks. While she’s secured the top job at the ECB, all the permanent governors in the currency bloc’s 19 members are men. Female representation in high-ranking positions is still lacking at the Frankfurt-based institution and most of the national monetary authorities. ...