Bloomberg Australia’s central bank (RBA) is ready to cut interest-rates further if evidence suggests this would boost the economy, and said it reviewed global experience with unconventional steps when policy makers met two weeks ago. The Reserve Bank noted few signs of inflation pressures emerging in the economy and warned entrenched expectations of weak wage growth could crimp household spending, ...

Bloomberg Danske Bank A/S is getting rid of thousands of job titles as the lender rebuilds its image after a year of scandal and losses. With the Copenhagen-based bank’s new chief executive officer, Chris Vogelzang, reviewing operations after starting in June, the number of job titles will fall to around 400 from roughly 3,600, according to Finansforbundet, the finance industry’s ...

Bloomberg Complex instruments used by hedge funds to bet on borrowers going bust and linked to “extremely immoral actions” by the Vatican, can actually improve the health of financial markets, according to Bank of England staff. Bonds insured by credit-default swaps are likely to trade more frequently than securities not covered by these derivatives, according to research by Robert Czech ...