Bloomberg LGT, a private bank owned by the Princely House of Liechtenstein, plans to double staff in Japan as it joins global rivals targeting $17 trillion of household wealth in the Asian country. LGT Wealth Management Trust Inc, which kicked off services in Japan last month, wants to build a workforce of 70 to 80 over the coming three years, …

Bloomberg One of the biggest risks banks face when it comes to cryptocurrencies is being left out of the market altogether. That’s the view from Commonwealth Bank of Australia (CBA) Chief Executive Officer Matt Comyn, who says although the digital assets are “very volatile and speculative”, banks need to be involved in the adoption of technology underpinning crypto and the …

Bloomberg One exchange-traded fund (ETF) shows how investors are increasing bets on a rebound in Chinese property junk bonds. Surging inflows have lifted total assets of the iShares USD Asia High Yield Bond Index ETF to $1.87 billion from $383 million at the end of August, an increase of 388%. In October alone, the fund attracted a record $773 million. …