Bloomberg European Central Bank (ECB) officials expressed concern at their latest policy meeting that some observers doubted their ability to restore price stability, prompting the Governing Council to plan for potential fresh monetary stimulus. Council members broadly agreed that a downward trend in inflation expectations was a cause for concern, and that the euro area’s economic slowdown was likely to …

Bloomberg Canadian Imperial Bank of Commerce (CIBC) is seeing an uptick in bad loans, providing validation to short-seller concerns that credit conditions are worsening. Investors and analysts have been watching for signs of deteriorating loans since short sellers earlier this year said that CIBC and other banks are ill-prepared for worsening credit conditions. CIBC’s soured-loan provisions totaled C$291 million ($219 …

Bloomberg HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, eliminating the merger advisory teams based in those countries. The London-based bank will instead serve clients out of Hong Kong, Singapore and Southeast Asia, the person said, asking not to be identified because the matter is private. The debt capital markets group and sector teams were largely …