Bloomberg The Reserve Bank of Australia (RBA) signalled it expects to lower interest rates this year. It is setting off fresh round of forecasts for deeper policy cuts as economists ponder where the lower bound is Down Under. JPMorgan Chase & Co. on Wednesday said it expects the central bank will have to cut its 1.5 percent benchmark 1 percentage ...

Bloomberg Bill Browder, the co-founder of Hermitage Capital Management, says the fallout of a money laundering saga involving the biggest mortgage bank in Sweden is “just starting.” During a tour of the Nordic region this week, Browder said he won’t drop his accusations against Swedbank AB even after the Swedish prosecutor declined to take up his complaint, citing a statute ...

Bloomberg Bank of Nova Scotia reported earnings that missed analysts’ estimates as higher provisions for loan losses tied mainly to takeovers hurt results in the fiscal second quarter. Canada’s third-largest lender by assets set aside more money for soured loans in its Canadian banking and international divisions, leading to a 63 percent jump in provisions across the bank. Provisions for ...