Bloomberg Swiss National Bank (SNB) policy makers watching the effects of negative interest rates on the economy are worrying about the real-estate bubble that their policy is helping to foster. Aware that any shift in their sub-zero stance could unsettle currency markets, officials are likely instead to highlight the availability of regulatory tools to cool the property market at their ...

Bloomberg JPMorgan Chase & Co opened its digital retail bank in the UK on Tuesday as it expands its consumer business overseas. The bank, called Chase, launched with a fee-free current account and plans to add savings and investment accounts along with loans, according to a statement. Chase will also try to tempt new customers with 1% cashback on debit ...

Bloomberg Bank of America Corp (BofA) has promoted three bankers to be heads of global financial institutions investment banking, according to a memo reviewed by Bloomberg News. Will Addas, Gary Howe and and Giorgio Cocini will take on the new roles. “These three leaders will share responsibility for driving business strategy globally, seizing opportunities for continued growth and leading a ...