Bloomberg Scandal-hit Indian lender Punjab National Bank (PNB) alleged it has been cheated — its third complaint since 2018 when it suffered through a $2 billion blow. The state-run bank filed a complaint in October alleging that Jagdish Khattar, founder of Carnation Auto India Pvt, a vehicle repair and servicing company, cheated the bank of 1.1 billion rupees ($15.4 million), ...

Bloomberg After a decade-long debt crisis that made Greece a bond-market pariah, the country now enjoys the luxury of having no financing needs for 2020. Yet the government’s 2020 budget shows it still plans to sell new debt. Despite a cash buffer of some 32 billion euros ($35.6 billion) left over from the country’s bailout programme, Greece wants to maintain ...

Bloomberg The Federal Reserve Bank of New York’s operation to inject cash into the financial system over the end of the year was undersubscribed, which could indicate year-end funding pressures have eased. Primary dealers submitted $28.8 billion in bids for the 15-day term operation, which matures January 7. That was less than the $35 billion on offer. The central bank ...