Bloomberg BNP Paribas is stopping all new business in Russia, joining European peers in winding down their local operations after the country invaded Ukraine. The Paris-based bank has informed its corporate clients that its local unit will no longer be able to process their transactions from the end of March, the bank said in an emailed statement. BNP Paribas ...

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda doubled down on his commitment to continue with stimulus even if inflation continues to accelerate, in a rebuttal of the need to join a global wave of central banks normalising policy. “We don’t know what April’s inflation rate may be, but there’s a possibility it’ll be around 2%,” Kuroda said, acknowledging ...

Bloomberg Deutsche Bank AG agreed to boost wages for 8,000 staff by 5.2% in two steps in a nod to accelerating inflation in Germany. The deal with unions representing employees at its Postbank retail unit was signed, the lender said in a statement. The bank will first raise wages for the covered staff by 3.1% in June and then by ...