Bloomberg Morgan Stanley moved closer to take full control of its securities and fund management ventures in China as it ramped up investments in the world’s second-largest economy. The US bank is buying an additional 39% of the securities joint venture for 569.6 million yuan ($89.5 million), according to an exchange filing from Shanghai Chinafortune Co, the parent company of ...

Bloomberg Bank of America Corp (BofA) plans to bring top New York managers back to the office starting June 1, as the proliferation of vaccines across the US clears the way for employees to return. “Our goal is by after Labour Day to effectively be back to where we were in January of 2020,” CEO Brian Moynihan said while testifying ...

Bloomberg Poland’s central bank has repeatedly vowed to keep government borrowing costs low during the pandemic. Its quantitative-easing auction this week had the opposite effect. The National Bank of Poland unexpectedly refused to buy $1.2 billion of government bonds that investors offered to sell, sending the local debt market into a tailspin. The decision blindsided investors, sparking speculation that policy ...