Bloomberg Mitsubishi UFJ Financial Group Inc is considering ways to reduce its real estate footprint in the Americas while preparing for a post-pandemic world in which many workers come to the office just a few days a week. The lender anticipates that roughly 25% of workers in the region will be fully remote after the pandemic and another 25% will ...

Bloomberg National Bank of Canada Chief Executive Officer Louis Vachon said the Bank of Canada (BoC) is being “prudent” in reducing government bond purchases and hinting it may raise interest rates earlier than expected. “We don’t know how this thing will evolve — we’re navigating in uncharted waters,” Vachon said in an interview after the bank’s annual meeting. “But by ...

Bloomberg The Reserve Bank of India (RBI) restricted American Express Banking Corp (Amex) and Diners Club International Ltd (Diners) from adding new local customers, citing non-compliance with data-storage rules. The order will take effect from May 1 and won’t impact existing customers, the RBI said in a statement. The firms are the first to be penalized under India’s data-storage rules ...