Bloomberg British lenders have offered a taste of how much the worst recession in centuries is going to cost. The bill’s already at $22.4 billion. Write-offs at the country’s six biggest banks so far this year roughly equal Barclays Plc’s current market value. “There’s likely more of that to come, and with low interest rates dragging on revenues, full year ...

Bloomberg HDFC Bank Ltd. named Sashidhar Jagdishan as its new chief executive officer, breaking almost three decades of continuity under his predecessor at a time when the coronavirus pandemic is roiling India’s financial sector. The Reserve Bank of India cleared Jagdishan’s appointment for a three-year term starting Oct. 27, HDFC Bank said in an exchange filing on Tuesday. He replaces ...

Bloomberg Societe Generale SA said two deputies to Chief Executive Officer Frederic Oudea are stepping down in a shakeup of top management, as the bank vowed to accelerate the transformation of its business after posting the biggest loss since the onset of the financial crisis. As part of the overhaul, Deputy CEO Severin Cabannes will leave his post at the ...