Bloomberg Prime Minister Narendra Modi’s government tapped Rajnish Kumar to helm State Bank of India (SBI), handing him the task of curtailing a surge in bad debts at the nation’s biggest lender. Kumar, who has headed the state-run bank’s domestic lending business since November 2015, was elected chairman on Saturday as Arundhati Bhattacharya’s four-year term ends, the government said in …

Bloomberg With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch a buying spree of pounds: “My watch is off.” The bank’s former global head of foreign exchange alerted the traders around the globe via phone calls and chat messages, prosecutors at Johnson’s fraud trial say. The gambit in December …

Bloomberg The US slapped duties on Bombardier Inc.’s showcase commercial jet for the second time in as many weeks, upholding Boeing Co.’s case that its Canadian competitor sold planes at less than fair value. The Commerce Department imposed a preliminary import duty of 80 percent on Bombardier C Series aircraft based on its finding, according to an emailed statement. The …