Bloomberg Hong Kong’s banks are staring at a tough year for business, marred by lower demand for loans and a peak in local property prices. Goldman Sachs Group Inc cut the lenders’ loan-growth estimates and target prices. Citigroup Inc said the banks’ shares may drop as much as 15 percent in 2019. “A cyclical slowdown in loan growth has been ...

Bloomberg India’s new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy. Shaktikanta Das, 61, a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, two days after Urjit Patel ...

Bloomberg UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter. Switzerland’s largest bank may begin to store data at Microsoft’s purpose-built facilities near Zurich and Geneva as soon as next ...