Bloomberg The UK government sold its last remaining shares in Lloyds Banking Group Plc, bringing Britain’s biggest mortgage lender back into full private ownership almost a decade after it was bailed out in the depths of the financial crisis. The Treasury made a profit of 894 million pounds ($1.2 billion) on its original 20.3 billion-pound investment after disposing of its ...

Bloomberg Reserve Bank of India (RBI) is increasingly turning to the forwards market for currency intervention, as a banking system already flooded with cash limits its ability to act in the spot market. RBI bought $8 billion of foreign currency in the forwards market in March, latest official data released this month showed, as the rupee capped its best first-quarter ...

Bloomberg The European Central Bank (ECB) is trying to work out a key question about the road to policy normalization: what’s the speed limit? Three weeks before their next policy decision, the terms of debate between the ECB’s 25 Governing Council members over announcing and implementing an exit from unconventional stimulus have coalesced around the pace. In one camp are ...