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Going back is not an option for Venezuelan students in US

Bloomberg New US immigration rules have sent students from Venezuela into a panic about returning to a homeland in crisis. Christian Garcia, who won a grant to finish high school in Germany and now studies international political economy at the College of Idaho, says he is considering seeking political asylum or an internship in order to stay in the US ...

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Banks with ‘shattered’ business models warned by Japan’s FSA

Bloomberg Japan’s financial regulator is running out of patience with regional banks that are struggling to adapt to an increasingly grim business environment. The Financial Services Agency (FSA) has targeted some local lenders for “intensive dialogue,” which could lead to regulatory action if they fail to convince it of their viability, Commissioner Toshihide Endo said. He hinted at the need ...

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India’s ICICI bank to raise $2bn in capital

Bloomberg ICICI Bank Ltd. plans to raise as much as 150 billion rupees ($2 billion) in capital, adding to the list of Indian lenders that are bolstering buffers as the pandemic threatens to push up bad loans. The nation’s second-largest private-sector bank will raise the funds via shares or equity-linked securities in one or more tranches, it said in a ...

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