AFP China’s benchmark money-market rate climbed to a 14-month high as the central bank pulled funds from the financial system and commercial lenders stocked up on cash to meet quarter-end requirements. The seven-day repurchase rate, the benchmark gauge of funding availability in the financial system, rose 12 basis points to 2.75 percent as of 5:07 p.m. in Shanghai. That’s ...

  Bloomberg Credit Suisse Group AG expects the Middle East to account for a significant part of its growth in private banking as the number of super wealthy individuals in the region increases. The Zurich-based bank expects to expand in Dubai and Saudi Arabia as millionaires in the region rise to 500,000 from about 330,000, Iqbal Khan, head of its ...

  Bloomberg Global banking regulators need to make sweeping changes to proposed new rules on measuring asset risk to protect European Union banks against a spike in capital requirements, said Valdis Dombrovskis, the bloc’s financial-services chief. The Basel Committee on Banking Supervision should rework planned restrictions on how banks estimate the risk from real-estate loans as well as corporate and ...