Bloomberg China’s financial regulators proposed sweeping rules to curb risks in the country’s $15 trillion of asset-management products as leaders move to tighten supervision and break an implicit guarantee that’s driven investment into such vehicles. Financial institutions should offer yields based on the net asset value of the products they issue, to reflect the risks and return of the underlying ...

Bloomberg A former HSBC Holdings Plc banker filed a lawsuit after being told he couldn’t have his bonus because he helped clients cheat on their taxes. The bank responded by counter-suing him for wasting its time. Rajesh Parmar is suing HSBC Private Bank UK for more than 1.8 million pounds ($2.4 million) in unpaid bonuses and damages, accusing it of ...

Bloomberg Lloyds Banking Group Plc is in exclusive talks to sell and lease back its City of London headquarters to a company linked to China’s Hengli Group, two people with knowledge of the deal said. The Chinese conglomerate offered about 150 million pounds ($198 million) for the 25 Gresham Street building, the people said, asking not to be identified because ...