Bloomberg Indian lender Yes Bank Ltd tumbled by a record in the dollar bond market and suffered another share price plunge after Moody’s Investors Service cut its credit rating to junk, making the lender a so-called fallen angel. Losing an investment-grade score is rare among Indian private-sector banks. The lender is now the only junk-rated one among four such lenders ...

Bloomberg Puerto Rico is poised to restructure the Government Development Bank’s debt by exchanging its bonds for $2.6 billion of new securities, the first such debt swap for the US territory since it collapsed into bankruptcy in May 2017. The transaction will restructure about $4 billion of Government Development Bank debt. Under a previously arra-nged agreement, investors will exchange their ...

Bloomberg Deutsche Bank AG’s management changes have yet to run their course. Germany’s largest lender is replacing senior executives in the US and is considering changing staff who tend its relationships with regulators, according to a person with knowledge of the matter. The moves come on the heels of strong cuts to the US operations and after authorities in the ...