Bloomberg Svenska Handelsbanken AB, one of Sweden’s biggest banks, is taking a long, hard look at its business model to see which corners it can ax so that costs stop growing faster than income. Carina Akerstrom, who took over as chief executive officer in March, said she’s “not at all” happy with the way in which Handelsbanken’s costs are developing. ...

Bloomberg Cash-strapped Dewan Housing Finance Corp is in discussions with its bondholders to revamp its debt as the Indian mortgage lender tries to shore up its financials after posting its first quarterly loss in more than a decade. In a meeting with its rupee bondholders, Dewan Housing discussed an inter-creditor agreement that the consortium of bankers has agreed to enter ...

Bloomberg The Bank of England’s balance sheet should fall to around half its current size when quantitative easing (QE) is finally unwound, according to the executive director for markets. While there’s no sign that the bond-purchase programme will be pared back any time soon, a new BOE Discussion Paper on quantitative tightening suggests that the “steady state” balance sheet should ...

Bloomberg Ghana stocks headed for the lowest in 21 months as investors sold shares to free up cash as they contend with the fallout from banking reforms in the West African nation. The Ghana Stock Exchange Composite Index retreated 1.5 percent in Accra on Wednesday, heading for the lowest close since October 2017. Ghana’s banking industry regulator completed a clean-up ...

Bloomberg Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of the highest dividend ratios in the Nordic finance industry. Sweden’s oldest bank, which is dealing with the fallout of a money laundering scandal that has left it Europe’s worst performing financial stock this year, said it will now target ...

Bloomberg United Airlines Holdings Inc raised its 2019 profit forecast as strong US travel demand helps the world’s second-largest carrier absorb rising cost pressures from the grounding of Boeing Co’s 737 Max. Earnings will climb to at least $10.50 a share this year, United said in a statement as it reported second-quarter results. That was up from the $10 floor ...

Bloomberg Rakesh Gangwal, the co-founder of IndiGo, said he won’t sell his shareholding in India’s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. “I am here for the long haul,” Gangwal, who has accused Bhatia of corporate governance lapses, said. “I have no desire to sell my stake or raise my stake.” Gangwal, ...

Bloomberg Burberry Group Plc surged as demand for its social-media-savvy designer’s revamped looks took off in China. Store sales rose 4 percent on a comparable basis for the three months through June, double the rate analysts predicted. New collections from Riccardo Tisci, who joined the UK luxury brand last year after winning fame at the French fashion house Givenchy, delivered ...

Bloomberg Internet searches for “Cancelling Amazon Prime” were 18 times higher during Prime Day — the beginning of Amazon.com Inc’s two-day sale — than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer. “If Amazon is hoping ...

Bloomberg A Canadian man who lost five family members, including three children, in the Ethiopian Airlines crash last March is accusing planemaker Boeing Co of a “shameful pattern of behaviour” for how it designed the 737 Max and how it has acted since the accident. Paul Njoroge calls for a full recertification of Boeing’s best-selling model grounded since March 13 ...