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BOE to keep polymer bank notes in circulation

  Bloomberg The Bank of England (BOE) said it won’t pull its new plastic banknotes from circulation following controversy over the use of animal fat in their production. The central bank will keep the polymer five-pound ($6.22) note and will issue the new ten-pound bill as planned in September, it said in statement Wednesday. The BOE said it gave “careful ...

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Credit Suisse boosts senior Asia banker pay by 15%

  Bloomberg Credit Suisse Group AG raised some of its senior Asia-Pacific investment bankers’ pay last year by as much as 15 percent after the firm boosted advisory revenues in the region, according to people familiar with the matter. Average total 2016 compensation, including bonuses, for high-performing managing directors at the bank was between $1 million to $1.5 million, said ...

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Women central bank bosses outnumber men in S Asia

  Bloomberg They’re doing much better than the US and Europe. Many hailed Zeti Akhtar Aziz’s 16-year tenure as governor of Malaysia’s central bank as a triumph for gender diversity in Southeast Asia. Turns out it wasn’t such a rarity. Women have become uniquely well represented throughout the region’s central banks, the latest available data show. They account for almost ...

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