Bloomberg New Zealand banks have been ordered to take steps to reduce the risk of bad behaviour, including scrapping all incentives linked to sales. In a report on bank culture and conduct released on Monday by the Reserve Bank and the Financial Markets Authority, the regulators said they identified “significant weaknesses in the governance and management of conduct risks” that ...

Bloomberg The Lion Air plane that crashed last week had faulty airspeed readings during its last four flights, Indonesia said, asking Boeing Co. to take corrective measures on the aircraft to prevent similar accidents. Indonesia’s National Transportation Safety Committee is collecting data related to the recovery efforts made during the prior malfunctions, the agency said in a statement on Monday, ...

Bloomberg Did Michael Kors Holdings overpay for Versace? The market said yes, but some analysts see something different. The stock got two upgrades in the past two days, with analysts at UBS Group AG and Piper Jaffray both citing the potential for Versace to drive gains after the stock was punished for the $2.2 billion acquisition in late September. Michael ...