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Merkel’s heir bolsters bid for chancellorship with state win

Bloomberg Armin Laschet boosted his chances of succeeding Angela Merkel as German chancellor by helping secure a decisive victory for his Christian Democratic Union (CDU) in the country’s poorest state. In the final regional contest before the national vote in September, the 60-year-old party leader showed he can successfully guide Merkel’s party in a tight campaign. The outcome will help ...

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Goldman, HSBC to open HK offices fully as virus wanes

Bloomberg Goldman Sachs Group Inc and HSBC Holdings Plc are opening their offices fully in Hong Kong as a fourth wave of infections was contained and the US investment bank said half of its staff in the financial hub are now vaccinated. Both banks told staff that all employees would be permitted to return to their Hong Kong offices, in ...

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Digital currency bank reserves a possible big shift if offered: BOE

Bloomberg A big portion of consumer deposits at retail banks could shift to digital currencies if governments start offering them, the Bank of England (BOE) indicated in a discussion paper about the issue. The UK central bank modeled the impact of introducing digital forms of money on the retail banking sector and in one scenario considered what would happen if ...

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