Bloomberg China’s central bank said it has met with onshore lenders to discuss allowing them to trade in the offshore yuan market, a move that would accelerate convergence between the country’s two exchange rates. As the country increasingly opens up its currency market, Chinese commercial banks have a growing need for better integration between the onshore and offshore markets, ...

  Bloomberg Scandinavia’s biggest bank said it has more than enough capital to meet regulatory requirements following a report it may need to turn to markets to fill an alleged shortfall. Nordea Bank AB said on Tuesday it had a common equity Tier 1 capital ratio of 16.7 percent in March, exceeding the 15.6 percent requirement set by the Financial ...

  Bloomberg Brookfield Asset Management Inc. is in talks with State Bank of India, the country’s largest lender, about forming a joint venture to invest in stressed Indian assets, people with knowledge of the matter said. Brookfield, Canada’s largest alternative asset manager, has discussed investing about 70 billion rupees (US$1 billion) in the venture while SBI and its associate banks ...