Bloomberg Deposits at Yes Bank Ltd. continued to decline this year as worried customers withdrew money from the distressed lender, which was seized earlier this month in the biggest bank rescue in the country’s history. Deposits totalled 1.37 trillion rupees as of March 5 — when Indian authorities took control — down 17% from the start of the year, Yes …

Bloomberg The Bank of Canada cut interest rates by half a percentage point to buffer the nation’s economy against the double whammy of the coronavirus and tanking oil prices. The Ottawa-based central bank lowered its policy rate in an emergency move to 0.75% and said it “stands ready” to act again if needed. Governor Stephen Poloz, in a joint press …

Bloomberg HSBC Holdings Plc, which operates the largest franchise among global banks in China, named Mark Yunfeng Wang as president and chief executive officer of its China business as the UK lender reaffirms the commitment to the world’s biggest banking market. Wang is currently head of global banking and markets China and replaces David Liao, who will take up another …