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Brazilian banks charge more to cover losses on bad loans

  Bloomberg Brazilian banks are charging more for everything from checkbooks to credit cards to help cover losses on bad loans, pushing the gap between bank-service fees and the nation’s inflation rate to the highest in more than four years. Prices for bank services, which have been rising faster than the benchmark inflation rate since August 2015, climbed 11.5 percent ...

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Nomura back in hiring mode for US bankers

  Bloomberg Nomura Holdings Inc. plans to hire bankers in the US, resuming a push to boost investment-banking business in a market that remains a priority for Japan’s biggest brokerage following a round of cost cuts. The Tokyo-based firm anticipates rising volumes of mergers and stock offerings in the U.S., said Chief Operating Officer Tetsu Ozaki, who is seeking bankers ...

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Rajan’s successor faces key challenges as RBI governor

  Bloomberg Urjit Patel will take over as India’s central bank chief at a time when monetary policy decision-making is being overhauled and an estimated $20 billion is set to flow out of the country. Patel is currently deputy governor in charge of monetary policy and has been a key architect of the central bank’s shift to a consumer-price-based inflation ...

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