Bloomberg China’s shadow banking could lead to losses of $375 billion, according to CLSA Ltd. estimates of likely levels of bad debt. The brokerage estimated the potential bad debt ratio for “bank-related shadow financing” at 16.4 percent, or 4.2 trillion yuan, in a report released to the media in Hong Kong on Tuesday. Assuming a 40 percent recovery rate ...

  Bloomberg HSBC Holdings’ South-east Asia advisory head Andrew Lim is leaving the UK bank just a few months after taking charge of dealmaking in the region, according to a person with knowledge of the matter. The Singapore-based managing director had taken over the South-east Asia role after predecessor Alvin Lim left HSBC for CVC Capital Partners earlier this year, ...

  Bloomberg Bank of France Governor Francois Villeroy de Galhau warned the nation’s presidential candidates that they need to meet deficit-cutting commitments or risk losing credibility with other European Union governments. “France has promised to go below 3 percent in 2017 and all our European partners are waiting or us. It’s the cornerstone of our credibility in Europe,” Villeroy de ...