Banking

  Bloomberg The Japan Fair Trade Commission issued a warning to the Japanese brokerage unit of Deutsche Bank AG after it found that a trader colluded with a counterpart at Citigroup Inc. on trades of European sovereign bonds — the first such notice handed down to a foreign securities company operating in the country. The trader at Deutsche Securities Inc. ...

  Bloomberg Equity Group Holdings Ltd. posted its first-ever drop in annual profit, missing analysts’ expectations for an increase, as non-performing loans at Kenya’s biggest bank by market value more than doubled. The stock head for it’s biggest fall in six months. Net income declined to 16.5 billion shillings ($161 million) in the 12 months through December from 17.3 billion ...

  Bloomberg Barclays Africa Group Ltd. sold less than half its target in a bond auction as a wall of debt issuance by South African banks and the impending exit of its UK parent, Barclays Plc, damped demand. Barclays Africa offered 1.5 billion rand of notes but raised only 642 million rand within price guidance, according to Deon Raju, head ...

  Bloomberg Scandinavia’s biggest financial conglomerate, Nordea Bank AB, says a Swedish proposal to increase bank fees for a crisis fund may force it to move its headquarters away from Stockholm as efforts to find common ground with the government stall. “This isn’t a bluff. This is dead serious,” Rodney Alfven, head of investor relations, told Bloomberg on Wednesday. “Our ...

  Bloomberg Charlotte Hogg resigned from the Bank of England after criticism from lawmakers for failing to disclose that her brother works for a bank she would help to regulate. The resignation is an embarrassment for the BOE and puts it under pressure to show it’s learned from two potential conflict of interest issues in the past few years. Hogg, ...

  Bloomberg Singapore banned former Goldman Sachs Group Inc. banker Tim Leissner from the securities industry for 10 years and said it plans to issue similar orders against three others caught up in the scandal surrounding 1Malaysia Development Bhd. Leissner, who left Goldman Sachs in February 2016, was sanctioned because he issued an unauthorized letter to a financial institution and ...

  Bloomberg South Africa’s banks are going on the offensive after being criticized by some politicians over their lending practices and records in addressing racial inequality. Attacks on the lenders have been led by President Jacob Zuma, who’s accused them of monopolizing the financial services industry, and questioned whether they colluded when closing accounts belonging to members of the wealthy ...

  Bloomberg China’s policy makers support opening financial markets for capital and investment to flow both in and out of the country, according to central bank Deputy Governor Pan Gongsheng. China will push ahead on oversight and enforce existing regulations on foreign exchange, Pan said in an interview Sunday with Bloomberg News and Caixin Magazine. Scrutiny of foreign companies transferring ...

  Bloomberg When global banking regulators met in secret in a London conference room to try to clinch a deal on capital rules, European industry lobbyists were nowhere in sight. They didn’t have to be. European Union officials at the meeting in December doubled down on their call to soften rules pushed by the U.S., concerned they would penalize the ...

  Bloomberg Top executives from the UK and US’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter. TheCityUK, the industry lobby group, has created a steering committee led by managers at Barclays Plc and JPMorgan Chase ...