Banking

Bloomberg Nomura Holdings Inc has suspended coverage of dozens of companies following the departure of two highly ranked stock analysts in Tokyo, at a time when Japan’s biggest brokerage is seeking to reinforce research as part of its broader growth plans. Junko Yamamura and Yoshitaka Nagao, who covered leisure and amusement sector, and broadcasting and advertising industry, respectively, are no ...

Bloomberg The Bank of England (BOE) may cut the amount of miles staff can travel by air to hit increasingly stringent environmental targets. Sarah Breeden, the central bank’s executive sponsor for climate change, said that policy makers could be encouraged to swap overseas trips for virtual meetings even when pandemic restrictions ease. The UK central bank hit its climate target ...

Bloomberg New Zealand’s currency and short-dated bond yields surged after an upbeat business survey drove traders to bring forward rate-hike expectations, with markets now pricing a total unwind of pandemic-fuelled rate cuts by the end of 2022. The kiwi jumped 1.1%, while the benchmark 2024 bond yields gained as much as nine basis points on Tuesday to hit the highest ...

Bloomberg Goldman Sachs Group Inc is preparing to move its Japan headquarters into a new tower being built in Tokyo as the Wall Street firm adapts to office life after the pandemic. The US investment bank plans to relocate from the landmark Roppongi Hills complex owned by Mori Building Co into the developer’s tentatively named Toranomon Hills Station Tower sometime ...

Bloomberg Australia’s central bank (RBA) took the first steps towards dialing back its emergency stimulus for an economy that’s exceeded expectations, even as Governor Philip Lowe warned persistently weak inflation would likely see him trail global counterparts in raising interest rates. The Reserve Bank opted against extending its yield-target horizon beyond April 2024 and scaled back purchases of longer-dated bonds ...

Bloomberg Citigroup Inc joined rivals including UBS Group AG in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff. The lender’s employees will have the option of working from home at least part time, investment banking co-head Manolo Falco said at a virtual press briefing. That will set the ...

Bloomberg Morgan Stanley has promoted several technology investment bankers to be the next generation of leadership at one of the investment bank’s most important franchises. The New York-based firm has named Dave Chen co-head of global technology investment banking, alongside current co-heads Michael Grimes and Drew Guevara, according to a memo reviewed by Bloomberg News. A representative for Morgan Stanley ...

Bloomberg UBS AG is in talks with Belgian authorities to resolve an investigation into allegations it helped wealthy clients dodge taxes, local prosecutors said. Confirmation of the talks comes after newspaper L’Echo reported that the lender has agreed to pay almost 50 million euros ($60 million) to settle the case and avoid a public trial, citing sources it didn’t name. ...

Bloomberg The Bank of Japan (BOJ) cut bond purchases for the next three months while shifting to a quarterly-buying plan to offer more certainty to markets. The quarterly plan showed a reduction of at least 25 billion yen ($226 million) in purchases of each of the one-to-three, five-to-10 years and 10-to-25 year buckets. Previously, it had only released monthly purchase ...

Bloomberg Goldman Sachs Group Inc is seeking to raise $4 billion for its latest infrastructure fund, dubbed West Street Global Infrastructure Partners IV. The firm, which has held discussions with potential investors such as pensions funds, is aiming to hold a first close on the vehicle as soon as the third quarter, one of the people said. New York-based Goldman ...