Bloomberg JPMorgan Chase & Co.’s results were one more marker of the disconnect between ebullient markets and concern about the US economy. The biggest US bank said second-quarter profit fell 51% to $4.69 billion, a smaller drop than forecast, as record trading revenue helped counter the biggest loan-loss provision in the firm’s history. It’s the second consecutive quarter that trading …

Bloomberg The Philippine central bank will likely keep policy accommodative over the next two years to deal with lingering economic damage from the coronavirus pandemic, Governor Benjamin Diokno said. “We know that this crisis may be protracted,” Diokno said when asked how long the central bank will continue its bond-buying and liquidity support programs. “At least for the next maybe …

Bloomberg India’s shadow banks are benefiting from a drop in borrowing costs after government stimulus steps, but the troubled sector faces more challenges ahead as the economy reels from the pandemic. The lenders’ borrowing costs declined in June for a second straight month, according to a gauge that’s among four indicators compiled by Bloomberg to check on the health of …