BLOOMBERG  New Bank of Japan (BOJ) Governor Kazuo Ueda struck a dovish tone once again by highlighting the risk of inflation slowing below the central bank’s target. Comparing the risk of inflation overshooting and falling below 2%, “it’s appropriate to conduct monetary policy by focusing on the latter risk” considering economic conditions, Ueda told reporters in Washington. Coming three days ...

BLOOMBERG  HSBC Holdings Plc plans to recruit about 30 bankers to service India’s ultra-rich through its private bank that the lender will launch in the country in the next few months, according to people with knowledge of the matter. The bank is seeking to fill the roles internally from staff in the country, as well as to hire wealth managers ...

BLOOMBERG  British banks expect to put the squeeze on the mortgage market in the coming months after signs emerged of business and household loan defaults picking up. The Bank of England’s (BOE) quarterly credit conditions survey showed that the availability of home loans will be curtailed in the second quarter (Q2). Lenders said that default rates on mortgages, unsecured credit ...