Bloomberg After a decade of being regulators’ favourite target, the world’s biggest banks now pose less of a risk to the economy than before the financial crisis, according to the Bank for International Settlements (BIS) said in its latest quarterly review, which was released Sunday. At the same time, these banks became less critical to the overall financial system, it ...

Bloomberg Bangladesh stocks headed for the biggest gain in 17 months after lenders were allowed to borrow from the central bank to invest in equities. Bangladesh Bank allowed commercial banks to borrow at 6 percent using repurchase agreements, it said in a statement. The DSE Broad Index jumped as much as 2.3 percent in Dhaka, set for the biggest jump ...

Bloomberg A made-in-Zurich banking drama spilled out into the open after it emerged that ex-top Credit Suisse Group AG banker Iqbal Khan had been shadowed by the lender, leading to a confrontation in broad daylight in the Swiss financial capital. The private banker, hired by crosstown rival UBS Group AG last month, was followed by detectives trying to establish if ...

Bloomberg Jane Fraser is not exactly a big name on Wall Street. Based in Miami, she runs Citigroup Inc’s operations across Latin America, a region that generates less than 15 percent of the bank’s revenue. And yet, after chief executive officers stepped down at two of the world’s biggest banks in recent months — first, at Wells Fargo & Co ...

Bloomberg The German government is mulling a request for an emergency loan by Thomas Cook Group Plc’s Condor subsidiary as Deutsche Lufthansa AG remains tight-lipped on the fate of a unit it bid for earlier this year. Germany’s Economy Ministry on Monday said it is assessing Condor Flugdienst GmbH’s request for a bridge loan after its parent company collapsed under ...

Bloomberg Airlines operating in Hong Kong are urging the government to implement temporary policies to offset damage to their business as months of pro-democracy protests have disrupted operations and hurt visitor numbers. In a letter to the Secretary for Transport and Housing, the Board of Airline Representatives (BAR), which represents 70 carriers operating in Hong Kong, asked for short-term measures ...

Bloomberg Impossible Foods Inc started to finally offer its eponymous plant-based burger in US grocery aisles. The Impossible Burger will make its retail debut at 27 Gelson’s Markets locations in Southern California before expanding its retail presence in the fourth quarter and in early 2020, the company said in a statement. The product will arrive in additional unnamed stores, including ...

Bloomberg JC Penney Co is preparing for talks with its creditors on possible transactions to ease its debt burden and give the company’s new chief executive more breathing room ahead of the critical holiday season. Advisers for the department-store chain and some of its bondholders are close to signing non-disclosure agreements, and expect to do so by the end of ...

Bloomberg With a crucial summit for the Boeing Co 737 Max looming this week, regulators are downplaying the threat of a rupture to a decades-old working relationship between US and European aviation authorities. On the eve of a gathering of about 50 airworthiness experts in Montreal, the top European regulator, Patrick Ky, suggested that the Max could return to the ...

Bloomberg Hong Kong’s economic situation continues to darken, with the city’s trade body now expecting exports to shrink this year to the worst levels in a decade amid the ongoing US-China trade war and slowing global economy. The Hong Kong Trade Development Council slashed its 2019 growth forecast to a 4 percent contraction, a further reduction from prior expectations of ...