Bloomberg Bank Indonesia’s unprecedented move to buy about $27 billion in bonds directly from the government may prove to be an exception rather than the norm in emerging markets. With the world economy in crisis and Modern Monetary Theory gaining attention, governments are being pressured to spend more and turn to their central banks to print money to foot the ...

Bloomberg Coutts & Co., the private UK bank that counts Queen Elizabeth II among its clients, has warned customers within the European Economic Area (EEA) that it can no longer offer them mortgages due to Brexit. The lender, owned by Natwest Group Plc, will lose so-called passporting rights that allow it to operate freely within the EEA if the current ...

Bloomberg The biggest Nordic banks are taking a long hard look at their compliance units after a recent hiring spree. Mikael Bjertrup, the head of financial crime prevention at Nordea Bank Abp, says banks initially ramped up compliance so fast they weren’t able to focus on efficiency in those departments. Nordea has been working on the issue for a while, ...