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Reserve Bank of India halts some pandemic-era stimulus

Bloomberg India’s central bank surprised markets by suspending its version of quantitative easing, signalling the start of tapering pandemic-era stimulus measures as an economic recovery takes hold. There’s no need for further bond-buying, Reserve Bank of India (RBI) Governor Shaktikanta Das said in an online broadcast, while stressing the step is not a reversal of its accommodative policy stance. The ...

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Credit Suisse report into Greensill hit by delays

Bloomberg Credit Suisse Group AG is delaying the publication of findings from a report into the collapse of a $10 billion group of investment funds that it ran together with Greensill Capital. The bank had initially hoped to present key findings along with its third-quarter results, but will now take longer as executives focus on the implications for their ability ...

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UniCredit resolves dispute on swap deals with Sicily

Bloomberg UniCredit has agreed to terminate a swap transaction with authorities in Sicily to end a dispute over deals entered into in 2005 and 2006. The transactions served to hedge Sicily’s long-term debt obligations. Both sides won’t be making any further comment on the resolution of the dispute, the Italian lender said in a statement. Disputes between a number banks ...

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