Bloomberg Punjab National Bank, India’s second-largest state-run lender, will be able to avoid massive losses after the government forced delinquent borrowers to repay loans or face liquidation proceedings under a new law. The interest and bids received so far for assets put up for sale by India’s new bankruptcy court indicates that the bank may not have to take “huge ...

Bloomberg German inflation slowed, underscoring the challenge the European Central Bank will face in 2018 as it gradually removes its stimulus program. Consumer prices rose an annual 1.6 percent, the Federal Statistics Office said. Inflation has remained tepid in Germany even as record-low unemployment bolsters private consumption and a recovery in global trade fuels exports and investment. The Bundesbank this ...

Bloomberg Citigroup Inc. is withdrawing from an industry pact designed to allow financial advisers to change companies without being sued by for- mer employers, further unrav- eling the accord after Morgan Stanley and UBS Group AG said they would pull out. “Similar to others in the industry, Citi has decided to exit the protocol,” company spokesman Drew Benson said in ...