When one of India’s largest shadow bankers — an institution with 169 subsidiaries that calls itself Infrastructure Leasing and Financial Services (IL&FS) — admitted to a series of defaults last week, Indian markets came close to a crisis. Fearing that a prolonged investment slowdown would intensify, the government invoked a little-known clause in India’s Companies Act and appointed a new ...

Investors’ pens are hovering a bit longer before writing checks to fintech startups. Funding Circle Holdings Plc was once tipped to be valued at as much as 2 billion pounds ($2.6 billion) in its initial public offering (IPO). When it made its market debut last week, the online lending marketplace weighed in at a skinnier 1.5 billion pounds. That’s still ...

Australia’s investigation into misconduct within its financial-services sector is moving towards the last act. Just don’t expect to see the bad guys get punished. The Royal Commission, which published its interim report, has heard a litany of bad practices the country’s banks, insurers, financial advisers and others have committed, from charging dead people fees to duping the corporate regulator. The ...