Bloomberg Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one US bank is moving to suspend accounts to avoid running afoul of US sanctions slapped on city officials, putting them at risk of violating the controversial security law imposed by China. Asking not to be named discussing clients, people familiar with the decision ...

Bloomberg A benchmark tracking shares of British banks closed at the lowest level since December 1992 after the Bank of England left investors concerned that interest rates may drop further, hurting earnings for the sector. The FTSE 350 Banks Index falls 1.8% amid a broader market drop as central bank officials indicated rates could fall below zero after the coronavirus ...

Bloomberg JPMorgan Chase & Co. strategists said that while the dollar does face further downside, it isn’t caught in the kind of structural decline suggested by Goldman Sachs Group Inc. analysts last week. “We continue to push back on the idea of a much broader, secular downtrend in the dollar predicated on structural factors,” JPMorgan currency strategists Daniel Hui, Paul ...