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Barclays warns of credit pain in return to 1970s inflation regime

  Bloomberg Rising prices amid a US economic slowdown will menace embattled credit markets, if history repeats. The current inflation and growth environment is most akin to the 1973 to 1975 and 1978 to 1980 time periods, when credit markets did badly, according to Barclays Plc. strategists led by Dominique Toublan. “Credit performance was poor then, and we do not ...

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Hang Seng Bank explores insurance deal

  Bloomberg Hang Seng Bank Ltd, a Hong Kong-based lender majority owned by HSBC Holdings Plc, is seeking an insurance partner after its existing agreement with Australia’s QBE Insurance group Ltd. expired. Hang Seng Bank is working with a financial adviser as it explores a so-called bancassurance partnership, which could be valued at more than $100 million, the people said, ...

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Nomura mulls hedges to curb American Century losses

Bloomberg Nomura Holdings Inc may use hedges to limit further hits from its ownership of a stake in a US mutual fund manager after booking losses on the investment for two straight quarters. Japan’s largest brokerage will “consider mitigating measures, including hedges” to reduce the earnings impact of its holding in American Century Investments (ACI), spokesman Yoshitaka Otsu said, declining ...

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