While Hong Kong’s stock and bond investment pipes to mainland China get much attention, a third link between the financial center and the People’s Republic has largely flown under the radar. The hidden “connect” hooks up banking flows from the city with borrowers up north; it’s large, and growing fast. Left unchecked, it could weaken Hong Kong’s lenders. Fitch Ratings ...

It’s hard to recall the last time there was good news out of Deutsche Bank AG. Record fines and criminal charges. Restructuring plans with layoffs and write-offs, that don’t seem to work. Losses. Senior management infighting. Credit-rating downgrades and new lows for the stock price. Added to a US list of troubled lenders. Only three of the 33 equity analysts ...

Bloomberg The world’s favourite stocks fought through to their seventh rally in nine weeks, though not without landing a few blows on traders. For about 24 hours on Thursday and Friday, losses in the FAANG block looked liable to snowball, bringing back memories of a similarly out-of-the-blue lurch almost exactly a year ago today. But the nervousness abated, possibly aided ...