Bloomberg Britain’s biggest financial institutions are on track to meet the Bank of England’s deadline to be ready for negative interest rates, giving authorities another tool to aid the economy if the recovery fades. Banks including Natwest Group Plc, HSBC Holdings Plc, Barclays Plc and Lloyds Banking Group Plc are close to completing the technical steps necessary to implement negative ...

Bloomberg Yes Bank Ltd’s top executive said the Indian lender is putting its problems behind it and will focus on earnings growth after profit surged in the first quarter. “We have been able to take care of the legacy issues,” Prashant Kumar, the bank’s chief executive officer, said in a Bloomberg TV interview on Monday. “Going forward, there will be ...

Bloomberg JPMorgan Chase & Co is planning to more than double the advisers in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients. The bank aims to hire more than 500 advisers in coming years, bringing its total in the unit to 1,000, said Kristin Lemkau, who oversees ...