Bloomberg Hong Kong’s banking sector, one of the most staid areas of its financial industry, is seeing an unusual spurt of recruitment as newly licensed virtual banks race to snap up talent. Four ventures that won permits have about 200 people in the city, which may more than double by the time they start operating, said Carol Cheung, a director ...

Bloomberg Europe’s most hawkish central bank is preparing to raise borrowing costs again, defying a global economic slowdown that’s made most of its peers more cautious. Czech policy makers have held interest rates unchanged for the past three meetings as external risks including Brexit, trade wars, and weakening demand from neighboring Germany overshadowed domestic inflationary pressures. But with worst-case scenarios ...

Bloomberg As Federal Reserve Chairman Jerome Powell and his colleagues gather this week for a policy making meeting, some of them will likely have 1995 on their mind. That was the year that the Fed initiated a mid-course correction in monetary policy, cutting interest rates after a sustained bout of tightening. Now some officials and investors are beginning to wonder ...