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Trump nears moment of truth to tackle ‘send her back’ chants

Bloomberg At a political rally sometime in the coming weeks, Donald Trump will almost certainly be met again with a chant rising from an auditorium packed with boisterous supporters: “Send her back!” In that moment Trump will have to choose a course. He could turn to the crowd and deliver an unambiguous condemnation, telling his supporters that they shouldn’t persist ...

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India aims to prevent shadow-banking crisis

Bloomberg India is attempting to prevent any repeat of last year’s shadow banking crisis after detecting “signs of fragility” in some of the 50 housing finance and other non-bank lenders it is monitoring, according to central bank Governor Shaktikanta Das. The Reserve Bank of India is working closely with the country’s lenders to prevent the collapse of another large systemically ...

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China banking system learns lesson

Bloomberg Two months after China shocked investors with the first government seizure of a bank in two decades, market confidence in the nation’s smaller lenders has yet to fully recover. That may be just what the country needs. When it took control of Baoshang Bank Co and imposed losses on some creditors, China’s government upended the long-held assumption that it ...

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