Bloomberg China’s central bank has approved trading of credit-default swaps by financial institutions in the nation’s interbank market, as it seeks to help investors tackle rising non-payment risks among the country’s borrowers, according to people familiar with the matter. The National Association of Financial Market Institutional Investors (NAFMII), a unit under the People’s Bank of China, will likely make ...

  Bloomberg Forecasts for what would be the first decline in total profits at China’s biggest banks in 10 years are raising concern in the bond market that lenders will need state help to clean up mounting bad debts. The yield premium for Industrial & Commercial Bank of China Ltd.’s 6 percent Additional Tier 1 securities, which count as capital ...

  Bloomberg The Bank of England will cut interest rates close to zero later this year as concern persists about the longer-term impact of the Brexit vote, according to a survey. Forecasts in the latest Bloomberg monthly poll show that recent signs of strength haven’t dissuaded economists from the view that there will be a sharp cooling in growth in ...