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France to step up intel screening after attack

Bloomberg France will take steps to improve screening after a suspected terrorist attack in Paris in which a police employee knifed four colleagues to death and hurt two more, raising questions about national security. The government will set up two task forces to make proposals by the end of the year to improve screening at the Paris police department intelligence ...

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IndusInd, hit by India’s shadow bank stress, says worst is over

Bloomberg IndusInd Bank, which saw a fifth of its market value wiped out over the past week on concern about its creditors, says the crisis of confidence engulfing India’s financial system is fading away. Outstanding loans to overstretched borrowers dipped at the Mumbai-based bank last quarter, lenders including IndusInd are working to resolve defaults at Dewan Housing Finance Ltd, and ...

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RBA tells banks not to be strict after rates cut

Bloomberg Australia’s central bank joined the government in warning lenders not to be too strict when assessing borrowers, fearing such caution could dent an already slowing economy. “It is important that banks are not overly cautious in the implementation of current lending policies,” the Reserve Bank of Australia said in its Financial Stability Review. “Lending always entails a degree of ...

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