Bloomberg DNB ASA’s shares slumped after Norway’s largest bank missed profit estimates amid a jump in loan losses. Net income for the three months ended June 30 declined 10 percent to 4.45 billion kroner (US$525 million), missing the 4.85 billion-krone estimate in an analyst survey. Loan losses more than tripled to 2.32 billion kroner. Low interest rates drove net ...

  BLOOMBERG The International Monetary Fund called for action over concerns relating to the bail-in of retail investors in Italy, noting that “very high” amounts of non-performing loans and slow judicial processes were straining bank balance sheets. Financial industry reforms “are critical to entrench financial stability and support the recovery,” the IMF said in a statement following its regular review ...

  Bloomberg Standard Chartered Plc started its first brokerage business in Japan with 100 employees as institutional investors in the country seek products from emerging markets in Asia, the Middle East and Africa for better returns. The UK bank will deploy 20 salesmen to meet with Japanese life insurers, brokerages, banks and asset managers to sell products that invest in ...