Bloomberg Australia’s central bank joined the government in warning lenders not to be too strict when assessing borrowers, fearing such caution could dent an already slowing economy. “It is important that banks are not overly cautious in the implementation of current lending policies,” the Reserve Bank of Australia said in its Financial Stability Review. “Lending always entails a degree of …

Bloomberg Between 2009 and 2015, Mihhail Murnikov spent his days handling as many transactions as he could at the non-resident unit of Danske Bank in Estonia. Roughly a year after Danske admitted that those transactions were part of a $220 billion money laundering scandal, prosecutors from Tallinn to Washington are still trying to get to the bottom of what really …

Bloomberg Oswald Gruebel, who led both of Switzerland’s two biggest banks during his career, criticised negative interest rates and argued they’d lead to a further decline of the country’s financial sector. “Negative interest rates are crazy. That means money is not worth anything anymore,” Gruebel said in an interview with Swiss newspaper NZZ am Sonntag. “As long as we have …