Bloomberg Federal Reserve Vice Chairman Randal Quarles, the central bank’s supervision chief, shared a laundry list of ways to make regulation less burdensome for Wall Street — including streamlining capital rules, overhauling post-crisis trading limits and making major changes to how the agency conducts stress tests. “Confusion that results from overly complex regulation does not advance the goal of a ...

Bloomberg Bank of America Corp. may not be willing to help customers invest in bitcoin, but that doesn’t mean it isn’t plowing into the technology underlying the cryptocurrency. The Charlotte, North Carolina-based lender has applied for or received at least 43 patents for blockchain, the ledger technology used for verifying and recording transactions that’s at the heart of virtual currencies. ...

Bloomberg The Bank of Korea left its key interest rate unchanged as inflation remains below target and the nation’s currency trades near a multi-year high. The unanimous decision to keep the seven-day repurchase rate at 1.5 percent, in the next-to-last rate decision before Governor Lee Ju-yeol’s term ends in March, was forecast by all 17 analysts surveyed by Bloomberg. The ...