After three years of hand-wringing, India has finally done the right thing by its struggling banks. The 2.1 trillion rupees ($32 billion) capital infusion into state-run lenders announced by Finance Minister Arun Jaitley on Tuesday evening has been well received by rating companies, despite its unconventional structure. As much as 1.35 trillion rupees will come from banks’ own resources. The …

Zhou Xiaochuan, the long-serving and respected governor of the People’s Bank of China, raised eyebrows last week when he cautioned that the country could have a ‘Minsky Moment’ if “we are too optimistic when things go smoothly.” Although he was right to warn against policy complacency and general economic overconfidence, particularly in the context of a growth model that still …

Bloomberg This week is fraught with peril for Treasuries traders, no matter if they’re bulls or bears. The next five trading days will bring a torrent of market-moving information: President Donald Trump is poised to finally announce his nominee to lead the Federal Reserve; US central bankers have an interest-rate decision to make; a House committee is set to release …