Bloomberg India’s central bank has unearthed more than $450 million in extra bad loans at Yes Bank Ltd, the lender that is contending with a shadow-banking crisis and concerns over soured debt and capital. Gross non-performing assets assessed by the Reserve Bank of India (RBI) were 32.77 billion rupees ($457 million) higher than Yes Bank had disclosed as of March …

Bloomberg HSBC Holdings Plc is set to replace its investment banking chief as part of an overhaul by interim Chief Executive Officer Noel Quinn, according to people familiar with matter. Samir Assaf, head of global banking and markets, will be moved to a non-executive role at the bank, said one of the people, who asked not to be named discussing …

Bloomberg Zambia’s central bank raised its key interest rate for a second time this year, bucking a global easing trend, in a bid to support its currency and tame inflation. The Bank of Zambia increased the rate to 11.5% from 10.25%, Governor Denny Kalyalya told reporters in Lusaka, the capital. That’s the highest level since May 2017. The central bank …