Bloomberg Japan’s financial regulator (FSA) is keeping a closer watch on the nation’s banks and insurers as their drawn out hunt for yield pushes them into riskier non-traditional assets. After years of ultra-low interest rates and record levels of deposits, it’s “inevitable” that firms are taking bigger risks, according to Toshinori Yashiki, who’s in charge of assessing risk at banks ...

Bloomberg Bank of America Corp.’s (BofA) online-banking platform went down for several hours, leaving thousands of customers locked out of their accounts before service was restored. The outage started in the morning and began to be resolved midday. Bank of America’s website and app were both at full capacity in New York, according to a company spokesman. “Today, some of ...

Bloomberg Amazon.com Inc unveiled a home robot called Astro, a screen on wheels that works with the company’s Alexa voice software. The $1,000 bot, which Bloomberg first reported was in development in 2018, was shown at an Amazon event checking on pets while a user was away and following a child through the home during a video call. The device’s ...