Bloomberg Bank of America Corp (BofA) named new leaders for its global mergers and acquisitions business as investment-banking fees surge to a record. Patrick Ramsey, head of global M&A, was promoted to chairman of global M&A alongside Steve Baronoff, according to a memo from Matthew Koder, who runs the corporate and investment bank. A company spokesman confirmed the contents of ...

Bloomberg Thailand’s central bank kept its benchmark interest rate unchanged for an eighth straight meeting, warning its forecast for an economic recovery was threatened by the country’s biggest virus wave since the pandemic began. The Bank of Thailand held the policy rate on Wednesday at 0.5% in a unanimous decision, as expected by all 22 economists in a Bloomberg survey. ...

Bloomberg Australia & New Zealand Banking Group Ltd’s (ANZ) first-half profit climbed as the lender wound back bad debt provisions made during the pandemic and the country’s economic recovery builds. Cash earnings from continuous operations rose to A$3 billion ($2.3 billion) in the six months through March 31, compared with A$1.4 billion in the same period a year earlier, according ...