Bloomberg China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology platforms over the years, according to Moody’s Investors Service. “We expect adoption of e-CNY to help reinforce banks’ position in the payments system because it will enhance their data collection ability and broaden their user bases,” analysts led by ...

Bloomberg UBS Group AG’s wealthy Asian clients are pouring billions of dollars into sustainable assets as the region’s swelling ranks of millionaires jump on a global push into socially responsible investing. Assets under management in fully sustainable discretionary portfolios for Asia-Pacific private banking jumped to $4.5 billion as of the end June, up from $1 billion at the start of ...

Bloomberg Morgan Stanley is stepping up efforts to ensure employees comply with its rule that they be vaccinated to enter its buildings. The firm told vaccinated staff to provide documentation of their shots by October 1, after previously letting them attest to their status. The extra step is meant to “provide greater comfort for those working in the office,” it ...