Bloomberg Sri Lanka warned of an unprecedented default and halted payments on foreign debt, an extraordinary step taken to preserve its dwindling dollar stockpile for essential food and fuel imports. All outstanding payments to bond holders, bilateral creditors and institutional lenders will be suspended until a debt restructure, the finance ministry said in a statement. The newly appointed central bank ...

  Bloomberg Bank of America Corp (BofA) saw its busiest year on record for the sustainable finance deals as demand for environmental, social and governance investments accelerates. The lender backed $250 billion of projects aimed at combating climate change and promoting social inclusion in 2021, more than double the $105 billion it arranged a year earlier, according to company executives. ...

  Bloomberg UBS Group AG increased pay for junior bankers in the US for a second time in less than a year, bringing the Swiss lender in line with Wall Street rivals trying to stem defections amid a race for talent. UBS increased base salaries for first-year analysts to $110,000, according to a person familiar with the matter who asked ...