DHAKA / Bloomberg Bangladesh’s finance minister has pledged to act against its central bank for not informing him about a cyber heist in which hackers broke into a Bangladesh Bank account with the Federal Reserve Bank of New York last month. Abul Maal Abdul Muhith, the finance minister, told reporters in Dhaka on Sunday that he was going to meet ...

PARIS / BLOOMBERG BNP Paribas SA, France’s largest bank, had its long-term credit rating cut to A from A+ by Standard & Poor’s (S&P), which cited a “less favourable” view of the lender’s capital cushion. The bank hasn’t laid out plans to issue enough securities to increase its total loss-absorbing capacity, or TLAC, to meet S&P’s preferred level by 2018, ...

Bloomberg American companies will become even bigger buyers of bonds sold by their peers as negative interest rates worldwide intensify pressure on them to deploy their $4 trillion cash pile, according to Citigroup Inc. “In their search for yield, companies are likely to increase their allocation toward 1-5 year corporate bonds rated A or higher,” said Ajay Khorana, global head ...