Bloomberg The US Treasury Department indicated that the government will need to borrow less than previously estimated as the Federal Reserve slows the reduction of its asset portfolio on its balance sheet. The department expects to issue $30 billion in privately held net marketable debt between April and June, assuming a cash balance of $270 billion at the end of …

Bloomberg HSBC Holdings Plc spent 150 years building a financial fortress around Hong Kong that touches nearly every aspect of life in the former British colony. One of the bank’s biggest threats? A pack of upstart virtual lenders, which barely existed two months ago, backed by the likes of Standard Chartered Plc and Chinese internet insurer ZhongAn Online P&C Insurance …

Bloomberg J Sainsbury Plc got some breathing space from better-than-expected profit after the collapse of a 7.3 billion-pound ($9.5 billion) deal to acquire Walmart Inc’s Asda. The grocer’s shares rose as much as 6.4 percent as the company laid out its Plan B for fighting the UK’s supermarket wars alone. Sainsbury said it will invest in improving its stores, where …