Bloomberg The Indian central bank’s proposal to introduce a new liquidity tool to help manage a banking system flooded with surplus cash is facing opposition from the government, according to people with knowledge of the matter. The government is concerned that the so-called Standing Deposit Facility, or SDF, will give the Reserve Bank of India (RBI) the discretion to set ...

Bloomberg Earnings reports by Japan’s three megabanks on Monday pointed to a fourth straight fall in combined annual profit, even as the impact of negative interest rates begins to ease. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and Mizuho Financial Group Inc. forecast a 4.8 percent drop in combined net income to 2.13 trillion yen ($18.8 billion) ...

Bloomberg The UK Serious Fraud Office has a ‘pending’ probe into a dispute between Societe Generale SA and the Libyan Investment Authority over bribery allegations, after the bank agreed to pay 963 million euros ($1.05 billion) to resolve a related civil trial this month. A lawyer for the LIA said at a London court hearing Monday that the SFO, which ...