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Yuan falls to weakest level since 2008 on signs PBOC easing grip

  Bloomberg The onshore yuan falls to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning down its support for the local currency. The onshore yuan weakened to 7.2409 per dollar, a level unseen in 14 years, while the offshore unit slid to an ...

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JPMorgan’s UK digital bank attracted 1 million customers in one year

Bloomberg JPMorgan Chase & Co.’s UK digital lender has attracted 1 million customers in its first year of operation, making it one of the UK’s most popular neobanks. Chase UK clients hold an average of £27,000 ($29,084) in their Chase Saver account, according to a statement on Wednesday. The lender said it has processed about 92 million card and payment ...

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Goldman Sachs signs lease for new Birmingham office

  Bloomberg Goldman Sachs Group Inc. signed a lease for a new office in Birmingham, England, that could eventually accommodate as many as 1,000 staff. The Wall Street bank has signed a long-term lease for about 110,000 square feet of space in One Centenary Way, an office being built at the Paradise Birmingham development, according to a statement Wednesday. Goldman ...

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