Bloomberg Banks emerged relatively unscathed from global regulators’ final batch of post-crisis capital rules, with few lenders needing to raise major new funds. The Basel Committee on Banking Supervision on December 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant ...

Bloomberg The People’s Bank of China will refrain from raising open-market interest rates even if the US Federal Reserve decides to increase borrowing costs next week, according to a Bloomberg survey. More than 80 percent of 32 economists, analysts and traders said that the PBOC will maintain its current rates on reverse-repurchase agreements, which guide the cost of funding in ...

Bloomberg Nordea Bank AB will approach about 500 employees in Finland as it starts acting on a program announced in October to cut thousands of jobs. The biggest Nordic bank will ax about 420 jobs and move another 50 to Estonia and Poland, Nordea said on its website. The reductions are equivalent to about 6 percent of its workforce in ...