Bloomberg South Korea’s goal of creating its own Goldman Sachs has stalled as big brokerages wait on approvals to raise new funds for expansion. The focus is on so-called promissory notes, short-term contracts that authorities had said brokerages might start using to raise funds to fuel their growth, as part of the government’s goal of creating a more active domestic ...

Bloomberg Ignazio Visco will defend the Bank of Italy’s oversight of the country’s lenders this we- ek after a crisis that led to taxpayer-funded bailouts, losses for small investors and a damaged reputation for the financial system abroad. As a two-and-half month probe by the country’s parliament into the industry comes to an end, Visco will make his long-awaited appearance ...

Bloomberg The pace at which the Bank of Japan is expanding its massive hoard of bonds will continue to slow in 2018, according to the majority of economists surveyed by Bloomberg. The central bank will increase its Japanese government bond holdings by about 44 trillion yen ($392 billion) next year, according to the average estimate in the survey. That’s well ...