Bloomberg Japan’s cabinet approved a record budget for next fiscal year, with social security costs pushing up the bill for a government already struggling to rein in the developed world’s biggest public debt load. Spending by the Japanese government will increase by about 1.2% to 102.7 trillion yen ( in the year starting April, the Finance Ministry confirmed. Outlays on ...

Bloomberg The former head of HSBC Holdings Plc’s North American interest rates business was sued for fraud by the US Commodity Futures Trading Commission (CFTC). Christophe Rivoire helped manipulate the price of an interest rate swap between the bank and a bond issuer, the CFTC said in a complaint filed in Manhattan federal court. The agency claimed the issuer had ...

Bloomberg Bank of America Corp, which tops the league table for US leveraged-loan issuance, is watching that market closely for signs of stress. “The real concern is: Is there too much leverage in the system in certain companies, and if they have trouble, will that impact the economy?” Chief Executive Officer Brian Moynihan said in a Bloomberg Television interview. “We ...