Bloomberg The Bank of Korea left its benchmark interest rate unchanged in Governor Lee Ju-yeol’s last policy meeting, as it weighs risks to its economic outlook against the cost of raising borrowing costs for the nation’s indebted households. The unanimous decision to keep the seven-day repurchase rate at 1.5 percent was forecast by all 17 analysts surveyed by Bloomberg. “With ...

Bloomberg Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales and initial public offerings to drive deals this year. The Frankfurt-based bank plans to hire in Dubai and Abu Dhabi to cover sovereigns and large corporates, Jamal Al Kishi, chief executive officer for the Middle East and Africa, said ...

Bloomberg Bank of America Corp. plans to open 500 branches across the US during the next four years, including an expansion of its retail business into Ohio. Consumer-banking services will be available in Cincinnati, Cleveland and Columbus, Ohio, the Charlotte, North Carolina-based firm said in a statement. The bank plans to hire more than 5,400 workers as part of the ...