Bloomberg HSBC Holdings Plc is speeding up the shakeup of its global business after warning that the economic fallout from the coronavirus pandemic may trigger loan losses of as much as $13 billion this year. The Asia-focused lender missed estimates after reporting first-half profit that halved to $5.6 billion because of higher credit provisions. The bank said it is looking ...

Bloomberg Bank of England (BOE) policy makers are set to keep delivering ultra-loose monetary policy even as they disagree over the pace of economic recovery from coronavirus-triggered recession. While officials led by Governor Andrew Bailey have different takes on how the economy is emerging from the pandemic shock, the next policy decision on Thursday is expected to leave interest rates ...

Bloomberg Goldman Sachs Group Inc. and Bank of America Corp. (BofA) were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba. Bankers have been told by senior executives at Alibaba Group Holding, which owns a third of Ant, that they should refrain from doing deals for its competitors if ...