Bloomberg US banks had only a few weeks’ experience with the full-blown pandemic when they last tried to forecast how bad things would get. Now, they’re about to reveal what three more months of Covid-19 did to the industry. Second-quarter results, set for release next week, will probably show that the trends that took hold at the start of the …

Bloomberg Stimulus measures like bond purchases are more effective than interest rate cuts to support the economy at this point in time, Riksbank Governor Stefan Ingves said. “Altogether, these measures entail a monetary policy that is aimed in full at attempting to alleviate the negative effects of the corona pandemic on the Swedish economy,” Ingves said, according to minutes of …

Bloomberg Yes Bank Ltd. set a large discount in the price range for its $2 billion public offering scheduled for next week. The Mumbai-based lender plans to sell the shares at 12 rupees to 13 rupees apiece, a filing showed. That’s a discount of as much as 55%. Yes Bank, which was bailed out this year, is the latest Indian …