Bloomberg Business

Largest Indian Bank SBI Has $2.6 Billion of Loans to Adani

State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

KKR Bids for Telecom Italia Grid as Carrier Aims to Cut Debt

KKR & Co. has made a non-binding bid for a stake in Telecom Italia SpA’s multi-billion-euro network, the Italian carrier said on Thursday, as Chief Executive Officer Pietro Labriola seeks to turn the business around.

Deutsche Bank’s DWS Loses Investor Cash on Cautious Outlook

Deutsche Bank AG’s asset-management arm reported outflows of nearly €20 billion in 2022 and a €107 billion drop in managed assets as the firm battles with investor confidence and souring market conditions. Its shares fell.

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