Bloomberg China’s money market is showing increasing signs of a shortage of cash, with interest-rate swaps climbing to a six-month high and banks paying higher interest to obtain government funds. The cost of one-year swaps rose as much as four basis points to 2.67 percent in Shanghai, the most expensive since April 29, while the benchmark seven-day repurchase rate …

  Bloomberg Nineteen US financial firms — including titans such as JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. as well as regional lenders and credit unions — have signed up for a new real-time payments network dubbed Zelle. The venture, replacing an existing system called clearXchange next year, will be accessible to more than …

  Bloomberg The European Union is preparing a rewrite of international capital requirements as part of a growing effort to soften the blow of regulations on struggling banks. The European Commission will announce a sweeping plan as early as next month for enacting global standards including a requirement for lenders to have more stable funding to weather a future crisis. …