Bloomberg Goldman Sachs Group Inc expects the yuan to weaken past 7 per dollar in the next three months — a level the currency hasn’t breached in more than a decade. The bank revised its forecasts for the yuan against the dollar because it sees the currency’s decline as a natural offset to higher US tariffs, even if policymakers are …

Bloomberg The Reserve Bank of India (RBI) eased rules to give lenders laden with bad debt more time to resolve delinquent accounts and lifted a deadline for pushing defaulters into bankruptcy courts. The directive, which also covers shadow banks, gives lenders 30 days to review a delinquent account and a further 180 days to implement a resolution plan, loosening the …

Bloomberg Retail banks have been slower to embrace blockchain technology and face greater challenges in reaping its potential benefits than their more adventurous co-unterparts in investment-banking world, according to new research from McKinsey & Co. Headwinds for retail lenders to adopt a shared system of distributed computer ledgers to manage day-to-day activities include a tougher regulatory environment for consumer finance …