Bloomberg China’s bank lending surged to a record 2.51 trillion yuan ($385 billion) in January, official figures showed Tuesday, as credit gushed to help boost the flagging economy. New loans extended by banks beat market expectations of 1.9 trillion yuan, according to a median forecast compiled by Bloomberg News, and far exceeded the 597.8 billion yuan in December. But analysts ...

Bloomberg Steven Hellman has stepped down as chief executive officer of Credit Suisse Group AG’s Russian business after heading the Swiss bank’s business in the country since 2010. “We’re going through a very difficult transitional period for the industry and that’s exacerbated in Russia by the particular political and other issues the country is facing,” Hellman said in an interview ...

Bloomberg It’s not clear how much of Singapore’s bad loans for 2015, the highest since 2009, are due to low commodity prices, because banks don’t give a detailed industry breakdown of their assets. Given the city’s focus on becoming a global rig-building hub, chances are there’s a link. Another report Monday from Sembcorp Marine, the world’s second-largest maker of offshore ...