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Banks beat India’s RBI in raising borrowing costs

Bloomberg Indian lenders are raising interest rates even before any central bank action as the strongest loan demand in four years amid weak deposit growth pressures funding costs. State Bank of India, ICICI Bank Ltd. and Punjab National Bank are among the nation’s biggest banks that increased their benchmark lending rates last week. The Reserve Bank of India, on the ...

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JPMorgan emerges as world’s biggest currency trader

Bloomberg JPMorgan Chase & Co. won the title of world’s largest currency trader by market share, ending Citigroup Inc.’s four-year run at the top, according to a Euromoney Institutional Investor Plc survey that featured a new methodology. JPMorgan took a 12.1 percent share, up from 10.3 percent last year. UBS Group AG came in second with 8.3 percent, and XTX ...

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Deutsche Bank shrugs off China trade tensions

Bloomberg Bubbling tensions between the world’s top two economies over tariffs pose no bar to diving into Chinese stocks, unless a full-blown trade conflict breaks out, according to Deutsche Bank AG. The US is on course to release its final list targeting $50 billion of Chinese imports with tariffs by June 15, with the levies taking effect soon after. And ...

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