Bloomberg Airbnb Inc secured a US$1 billion debt facility from some of the largest U.S. banks to help the home-sharing company develop new services and fund growth initiatives, people familiar with the matter said. The debt deal was led by JPMorgan Chase & Co, Citigroup Inc. and Bank of America Corp Morgan Stanley also participated, according to the people, …

  Bloomberg State Bank of Bikaner & Jaipur and State Bank of Mysore shares surged for a second day as India approved the merger of the lenders with their parent, amid a government push to strengthen the nation’s fragmented banking industry. Bikaner Bank rose 18 percent in Mumbai to a five-month high, while SBM climbed 20 percent to the highest …

  Bloomberg Japan’s main bank lobby hinted that the central bank was right to keep monetary stimulus unchanged, saying that sending negative interest rates even lower would hurt the industry. “The impact on banks would be more severe if negative rates are expanded,” Japanese Bankers Association Chairman Takeshi Kunibe said at a briefing in Tokyo hours after the decision. Japanese …