Bloomberg Questions have been raised over new Bank of Japan Board member Makoto Sakurai’s credentials this week by a weekly magazine Shukan Post, saying that there was no record of him submitting a thesis or graduating with a PhD. The central bank’s website describes Sakurai, 69, as having “completed a PhD programme in Economics.” While some readers could take ...

  BLOOMBERG Saudi Arabia named HSBC Holdings Plc Middle East and North Africa Chief Executive Officer Mohammad Al Tuwaijri deputy minister of economy and planning as part of a government shakeup that also ushered in a new central banker and oil minister. Al Tuwaijri, regional CEO of the London-based bank since October 2013, takes on the role immediately and reports ...

  Washington / AFP Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement last week followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension ...