Bloomberg Shares of State Bank of India, the nation’s largest by assets, surged this week by the most in almost three decades, buoyed by plans to tackle bad debt and a profit that beat expectations. The Mumbai-based lender jumped 39.4% — most since March 1992 — to a record close of 393.10 rupees. Investors cheered the fact that higher provisions …

Bloomberg Bitcoin climbed towards $40,000 in a rally that helped the market value of digital tokens scale a new peak. The largest cryptocurrency rises as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000. The value of more than 6,000 tokens tracked by CoinGecko hit an unprecedented $1.22 trillion. The jump comes …

Bloomberg Westpac Banking Corp. is working with JPMorgan Chase & Co. as it prepares to kick off a formal sale process for its life insurance business as soon as this month, according to people with knowledge of the matter. AIA Group Ltd., Dai-ichi Life Holdings Inc. and Meiji Yasuda Life Insurance Co. are among the firms that have been approached …