Bloomberg Royal Bank of Scotland Group Plc hired the head of Asia wealth management at JPMorgan Chase & Co. to lead its private-banking businesses, as Michael Morley steps down. Peter Flavel will join as chief executive officer of private banking, responsible for RBS’s Coutts & Co. and Adam & Co. businesses, the Edinburgh-based bank said in a statement on Thursday. …

Bloomberg State Bank of India, the country’s largest lender by assets, posted the slowest profit growth in four years as provisions for bad loans almost doubled from the previous quarter. Net income fell 62 percent to 11.2 billion rupees ($164 million), or 1.43 rupees a share, for the three months ended Dec. 31, from 29.1 billion rupees, or 3.9 rupees, …

Stockholm / AFP Sweden’s central bank on Thursday cut its key interest rate by 15 basis points to a new all-time low of -0.5 percent, citing the risk of slowing inflation and falling confidence in its monetary policy. The bank moved its key rate into negative territory in February 2015 in a bid to encourage spending amid three years of …