Japan’s securities watchdog is seeking penalties on two regional banks for improperly selling structured bonds, a rare move that could send a signal to the broader industry about its sales practices.
Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months and leave policy on hold through December, even as it confronts a resilient US economy and persistent inflation.
China’s central bank will keep monetary policy targeted and ensure credit growth is stable, Governor Yi Gang said, keeping the policy stance largely unchanged despite rising calls for more stimulus.
UK lenders, led by HSBC Holdings Plc, are removing mortgage deals from the market again as they prepare to reprice home loans to account for inflation.
Turkish President Recep Tayyip Erdogan named Hafize Gaye Erkan, a former co-chief executive officer of First Republic Bank, as his new monetary chief, a move that may mark the end of ultra-low interest rates and constant government interventions to prop up the lira.
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