Bloomberg Gap Inc lowered its projection for 2021 sales and profit as supply-chain bottlenecks led to lost sales and higher expenses. The shares fell in late trading. Gap now sees revenue growing about 20% for the full year — down from its previous projection of a 30% gain. Analysts had projected revenue to be 28% higher this year, according to …

Bloomberg Morgan Stanley is offering to reimburse its Hong Kong employees as much as HK$40,000 ($5,100) to compensate for quarantine costs brought on by the financial hub’s zero-Covid strategy. The one-time reimbursement will be available to all Hong Kong permanent employees when they return from a personal trip to visit immediate family members, including spouses, domestic partners, children, parents and …

Bloomberg US banks, which have been combining at levels not seen since before the global financial crisis, are now facing the near-term hurdles of stalled approvals and the mounting opposition from Democrats in Washington. All of that is unlikely to keep the string of deals from ultimately continuing, according to analysts. Regional lenders “may tap the brakes” in their merger-and-acquisition …