Bloomberg China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector, people familiar with the discussions said. The move, to be debated as part of the fifth National Financial Work Conference due to start on July 14, would create a new office for ...

Bloomberg Sumitomo Mitsui Financial Group Inc. plans to add about 250 positions to its securities business abroad over the next three years to boost investment banking and make up for slumping loan profitability at home. The Tokyo-based bank will increase overseas headcount at its SMBC Nikko Securities Inc. unit from the current 500 by hiring and redeploying staff including bankers ...

Bloomberg When it comes to havens among currencies, the yen is the safest of them all, according to a correlation analysis by Goldman Sachs Group Inc. economists. Japan’s currency aligns most closely against corresponding moves in global risk assets in the past decade, Goldman economists led by Kevin Daly wrote in a report on Monday. They compared daily and monthly ...