Bloomberg China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or control entities including wealth management units of commercial lenders, pension fund managers and currency brokers, the central bank said in a statement on …

Bloomberg Ross McEwan, who engineered Royal Bank of Scotland Group Plc’s revival, is now taking on another turnaround job after being appointed chief executive officer of scandal-plagued National Australia Bank (NAB). During his time at RBS, which was nationalised in the wake of the global financial crisis and beset by a multitude of scandals, the bank returned to profit and …

Bloomberg Credit Suisse Group AG has hired investment banker Jerry Wiant from Lazard Ltd, where he had a two-year stint as a managing director focused on banking institutions. Wiant will join Credit Suisse’s global financial institutions later this summer as a managing director and head of Americas banks, according to an internal memo obtained by Bloomberg. He joined Lazard in …