Bloomberg A health check on India’s shadow banks shows the crisis in the industry is far from over. Indicators from liquidity to share performance show weakness, according to data compiled by Bloomberg as of September 30. In recent weeks, another financier defaulted, it got harder for investors to cut losses in the sector’s debt and a mortgage lender altered financing ...

Bloomberg The bill to shareholders for Australian banks’ bad behaviour has now topped $3.5 billion, and could rise further. Westpac Banking Corp on Wednesday became the latest lender to set aside additional sums to compensate customers for mis-charged fees, junk products and poor advice in what analysts have called “confession season” ahead of earnings reports. That takes the total after-tax ...

Bloomberg Deutsche Bank AG is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender’s sweeping revamp in July. Chief Executive Officer Christian Sewing has concluded that it’s possible to reduce enough of the associated technology costs to outweigh the loss in revenue, according to people briefed on ...