Bloomberg Six of the UK’s biggest lenders will start offering mortgages for high-rise flats affected by the cladding scandal in a move that could help thousands of Britons sell their homes. Barclays Bank Plc, HSBC Holdings Plc, Lloyds Banking Group Plc, Nationwide Building Society, NatWest Group Plc, and Banco Santander SA will consider new mortgage applications for buildings affected ...

  Bloomberg The World Bank Group’s private-sector arm is divesting its holdings in one of Myanmar’s largest banks nearly two years after a military coup, according to the lender’s largest shareholder. First Myanmar Investment Co has agreed to buy the International Finance Corp’s 4.5% stake in Yoma Bank Ltd, according to Tun Tun, FMI’s executive director and chief operating officer. ...

  Bloomberg The Bank of Japan’s (BOJ) unexpected hawkish shift sent shock waves through global markets as the developed world’s last holdout for rock-bottom interest rates inches towards policy normalisation. Japanese government bonds and Treasuries both slumped, while the yen surged after the BOJ raised its cap on benchmark 10-year yields to around 0.5% from 0.25%, surprising every economist surveyed ...