Bloomberg Brazil held its benchmark interest rate at a record low and signaled it can cut borrowing costs to help a frail economy once a key austerity measure advances further in Congress. The bank’s board, led by its President Roberto Campos Neto, kept the Selic unchanged at 6.50 percent in a decision expected by all but one of the 39 ...

Bloomberg In the Ivory Coast, Standard Chartered Plc may have found its template for the future of banking. Didier Drogba, the retired Ivorian soccer star, was drafted as a “digital bank ambassador” on social media. Fifteen months later, more than 18,000 of his compatriots have signed up for digital-only accounts, outstripping the London-based lender’s early targets. Ivory Coast is just ...

Bloomberg Lloyds Banking Group Plc’s Bank of Scotland unit was fined $58 million by UK’s finance regulator over a scandal at the bank’s Reading division that siphoned millions from failing businesses a decade ago. The company “failed to alert the regulator and the police about suspicions of fraud at its Reading branch when those suspicions first became apparent,” the Financial ...