Bloomberg Bank of Korea (BOK) officials past and present, presidential advisers and global representatives are among potential successors to central bank Governor Lee Ju-yeol, whose impending departure is fuelling speculation over a replacement at a time of elevated inflation. Lee’s successor will inherit rapidly normalising monetary policy after two years of extraordinary stimulus to prop up a pandemic-hit economy. …

  Bloomberg Citigroup Inc awarded Chief Executive Officer (CEO) Jane Fraser $22.5 million for her work in 2021 after she assumed the top job in February and helped guide the bank through regulatory hurdles. Fraser, 54, was granted stock awards totalling about $14.82 million, a cash bonus of $6.35 million and a $1.33 million salary, the New York-based bank said …

  Bloomberg Singapore authorities are urging banks to impose stronger security measures to prevent more phishing scams after one of the city-state’s biggest lenders was hit by a serious case of fraud. Banks need to expand their fraud surveillance capabilities, Lawrence Wong, the finance minister and deputy chairman of the Monetary Authority of Singapore (MAS), said in parliament on Tuesday. …