Bloomberg As Nordea Bank AB blazes a trail in Europe by banning its employees from trading Bitcoin and other cryptocurrencies, the regulator is taking a back seat in a decision-making process it says is better left to the industry. Sweden’s Financial Supervisory Authority thinks “every institution must decide on the details of their internal regulations specifying the rules for their ...

DUBAI / Reuters Citigroup has won formal approval from Saudi Arabia’s Capital Market Authority to begin investment banking business there, the US bank said on Tuesday. More than a dozen foreign banks have licences to operate branches in Saudi Arabia, battling for business resulting from the kingdom’s reforms to wean its economy off oil revenues. Citi was among the banks ...

Bloomberg Governor Haruhiko Kuroda delivered a message to investors speculating that the Bank of Japan might be nearing the start of policy normalisation: Not so fast. Kuroda said the BOJ wasn’t in a position to even consider exiting its current policy, after it maintained its massive stimulus program and kept its inflation and economic forecasts unchanged earlier on Tuesday. “Given ...