Bloomberg China’s local governments are helping inject fresh capital into small lenders across the country, part of an expanding campaign to restore confidence in the world’s largest banking system. At least 10 small Chinese banks have raised money this year by selling shares packaged with non-performing loans, in several cases to buyers controlled by local authorities. In at least one ...

Bloomberg Some of Deutsche Bank AG’s top financial supervisors have doubts that Chief Executive Officer Christian Sewing’s latest pick for the management board is qualified for the job. Several watchdogs are worried that Michael Ilgner, hired as head of human resources from a small non-profit, doesn’t have experience leading large organisations or the banking background needed to join the top ...

Bloomberg French economic growth will cool slightly at the end of the year amid pressure on industry from the global slowdown, the Bank of France said. The softer pace of expansion indicates the euro area’s second-largest economy isn’t immune to the downturn in trade and manufacturing that’s hurting countries across the currency bloc. Until now, France had shown more resilience ...

Bloomberg The European Central Bank (ECB)could consider giving non-banks access to its balance sheet to keep control over money-market rates, according to Executive Board member Benoit Coeure. Speaking at a money-market workshop in Frankfurt, Coeure highlighted a “possible risk” that the new short-term rate called ESTR — designed to provide a more complete picture of actual borrowing conditions — “might ...

Bloomberg European banks have found a silver lining to their recent troubles: they can make a case that they’re too weak to abide by new regulations being set by Brussels. After years fighting a rearguard battle against tighter requirements set by global regulators, some bankers in Europe now say they sense an opportunity to persuade local policy makers to go ...

Bloomberg House Democrats this week are taking their effort to impeach Donald Trump into a risky new phase of public hearings that the president is eager to turn into a made-for-TV personal battle, echoing his successful White House run in 2016. The hearings on Wednesday and Friday feature three career diplomats who, in previous closed-door depositions, outlined attempts by Trump’s ...

Bloomberg Israel assassinated a senior commander of the Islamic Jihad group in the Gaza Strip on Tuesday, touching off a barrage of Palestinian rocket fire at Israeli communities and Israeli airstrikes that shattered a truce that’s largely held for months. Islamic Jihad accused Israel of also targeting another of its top commanders, Akram al-Ajouri, in the Syrian capital, Damascus. In ...

Bloomberg Bolivian lawmakers took a first step towards filling the vacuum of leadership left by the resignation of president Evo Morales, who has fled to Mexico after being granted asylum, as violent clashes continued around the country. Jeanine Anez, an opposition senator, surfaced as acting head of Congress and next in line to succeed Morales after Bolivia’s vice president and ...

Bloomberg South Korean President Moon Jae-in — swept into office on a vow to clean up government after his predecessor was ousted for graft — wanted a prosecutor who wouldn’t hesitate to go after the most powerful. Problem is, Moon may have gotten what he wished for in Yoon Seok-youl. Almost immediately after being appointed as the nation’s chief prosecutor ...

Bloomberg The pictures out of Hong Kong over the past few days have been particularly worrisome: a protester shot by police at point-blank range, an older man set ablaze, a truck driver beaten by demonstrators. While only one fatality has been linked to the protests since they began five months ago, that number could easily be higher. Police and protesters ...