Bloomberg Overseas-Chinese Banking Corp. (OCBC) named Helen Wong as Singapore’s first female bank chief executive officer (CEO), putting her in charge of leading the island state’s second-largest lender through a severe economic downturn brought on by the coronavirus pandemic. Wong, 59, is replacing Samuel Tsien who will retire in April after running OCBC since 2012, the bank said in a ...

Bloomberg South Africa’s volatile currency caught Citigroup Inc. in a wrong-way bet within a day. The New York-based lender recommended a short-dollar position versus the rand, betting the South African currency would strengthen along with emerging-market peers as uncertainty around fiscal stimulus in the US weighed on the dollar. Instead, the rand plunged more than 2% as traders fretted about ...

Bloomberg Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year. The bank unit held 792,627 shares of MicroStrategy by the end of December, according to a filing with the US Securities and Exchange Commission. The 10.9% stake had a value of roughly $420 million based on the day’s closing ...