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Bank regulator flashes warning light over commercial real estate

  Bloomberg A leading US banking regulator wants lenders to do more to manage their exposure to commercial real estate. As property lending accelerates, the Office of the Comptroller of the Currency — which oversees American banks alongside the Federal Reserve Board and the Federal Deposit Insurance Corp — is actively monitoring banks’ stress tests and risk-management practices, Comptroller Thomas ...

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Won rises to 2-month high as BOK keeps key rate at record low

  Bloomberg South Korea’s won rose to a two-month high after Bank of Korea Governor Lee Ju Yeol kept interest rates at a record low and said the government’s stimulus will boost growth by about 0.2 percentage point. Policy makers voted unanimously to leave the seven-day repurchase rate at 1.25 percent, as expected by all 20 economists surveyed. While South ...

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JPMorgan’s Singapore investment bank head to join Temasek unit

  Bloomberg Fullerton Financial Holdings Pte, an arm of Singapore state investment company Temasek Holdings Pte, has hired Yeo Hong Ping for a senior management role. Yeo is joining from JPMorgan Chase & Co, where he has worked since 2000, most recently as head of Singapore investment banking, according to a person with knowledge of the matter. Yeo will start ...

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