Bloomberg Business

Activist investor Cevian Capital AB called on Nordea Bank Abp to boost its profitability ambitions as the Nordic region’s biggest bank prepares new financial targets.

The Bank of England will step up the pace it’s unwinding its quantitative easing portfolio of bonds, reversing a vast stimulus program it deployed through the financial crisis and pandemic.

Brazil’s central bank cut its benchmark interest rate by half a percentage point for the second straight time and signaled it will keep the same pace of monetary easing at least through year’s end.

India’s aviation regulator suspended the chief of flight safety at Air India Ltd. for a month after uncovering lapses at the flag carrier.

Bank of America Corp. is moving its Dallas operations to a new skyscraper a half-mile away from where Goldman Sachs Group Inc. is building its own hub.

The Bank of England halted for now the most aggressive cycle of interest-rate rises in more than three decades as concerns about inflation gave way to signs the economy is slipping into a recession.

Former Federal Reserve Bank of St. Louis President James Bullard said the central bank may need to raise interest rates further and hold them higher to guard against the risk of a reacceleration of inflation.

German Finance Minister Christian Lindner signaled that Europe is unlikely to take rapid strides on forging closer ties between its fragmented banking markets, underlining his country’s hesitance about a project that bankers argue is crucial for cross-border mergers.

House Speaker Kevin McCarthy won the support of a few hardliners Wednesday night in his effort to quell his restive right flank and pass a short-term spending bill, but the risk of a US government shutdown remains high just 10 days before a funding lapse.