Bloomberg Property developers are cutting prices in Hong Kong to lure buyers amid the increasing downside risks in the world’s least-affordable housing market. Vanke Property Overseas Ltd. released 231 units of its new project Le Point in Tuen Mun, with prices as low as HK$9,878 ($1,265) per square foot, the lowest in the primary new-home market in about two years, …

Bloomberg Denmark’s financial supervisor plans to hold board members of Danske Bank A/S personally accountable if the lender is again caught misleading authorities. “Their heads are on the block,” Jesper Berg, director general of the Financial Supervisory Authority, said in an interview as his office resumes an investigation into Denmark’s biggest bank. Danske has admitted that a tiny Estonian unit …

Bloomberg Infrastructure Leasing & Financial Services (IL&FS), an Indian shadow banker that defaulted on its commercial paper obligation earlier this year, missed payments again. The company, which helped fund India’s longest tunnel, defaulted on three non-convertible notes series, it said in a filing to the stock exchange, without disclosing the value of the debt. It was also unable to meet …