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RBI ordered to disclose critical reports on banks

Bloomberg India’s top court directed the central bank to disclose its inspection reports on lend-ers to allow people to gauge their health. The order was the “last opportunity” to avoid initiation of contempt proceedings against Reserve Bank of India (RBI) Governor Shaktikanta Das, a two-judge bench of the Supreme Court headed by Justice L.N. Rao ruled. The central bank will ...

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Danske crisis: The blowback from putting ‘$230b’ in headline

Bloomberg The financial regulator at the epicenter of Europe’s vast dirty money scandal says a key part of what really happened has been misunderstood. Danske Bank A/S became the modern-day poster child for Russian money laundering after it published a report in September that revealed a shocking number: $230 billion. Jesper Berg, the director general of the Financial Supervisory Authority ...

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Amazon pledges one-day delivery in US

Bloomberg Amazon.com Inc will spend $800 million in the current quarter to reduce delivery times for top customers to one day from two, trying to revive its main e-commerce franchise and ward off greater competition. The announcement came after the online retailer reported first-quarter profit that exceeded analysts’ estimates, demonstrating the company’s focus on cloud-computing, advertising, and other high-margin businesses ...

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