Bloomberg Barclays Plc will need to defend its advantages in the payments business from encroachment by technology companies including Amazon.com Inc. and Apple Inc., according to Chief Executive Officer Jes Staley. “There are some tectonic shifts going on, driven by tech and the geopolitical environment,” Staley said during a panel discussion on Saturday at the annual meeting of the Institute ...

Bloomberg Thailand’s already “very accommodative” monetary policy is fueling robust growth that’s spreading across the economy, said Bank of Thailand (BoT) Governor Veerathai Santiprabhob. The outlook comes as an exports revival in Thailand gains momentum despite a recent rise in the nation’s currency, the baht. Better demand from key trading partners is helping to offset strength in the exchange rate, ...

Bloomberg Bank of America Corp. (BofA) returned to its five-year-old practice of trimming staff, resuming a trend that had only reversed for a single quarter. The nation’s second-largest bank by assets reduced its total employee count in the third quarter by 1,065 — or 0.5 percent — to just under 210,000 people. The firm added jobs earlier this year for ...