Bloomberg Hong Kong’s banks are staring at a tough year for business, marred by lower demand for loans and a peak in local property prices. Goldman Sachs Group Inc cut the lenders’ loan-growth estimates and target prices. Citigroup Inc said the banks’ shares may drop as much as 15 percent in 2019. “A cyclical slowdown in loan growth has been …

Bloomberg India’s new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy. Shaktikanta Das, 61, a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, two days after Urjit Patel …

Bloomberg UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter. Switzerland’s largest bank may begin to store data at Microsoft’s purpose-built facilities near Zurich and Geneva as soon as next …