Bloomberg The bottom line is that the top line stinks. That’s the challenge facing South Africa’s biggest banks as they fight to contain costs that are accelerating faster than revenue. The reasons are pretty much the same: South Africa’s economy hasn’t expanded at more than 2 percent a year since 2013 and unemployment is at 27 percent. In addition, consumers ...

Bloomberg As an activist investor targets Barclays Plc for taking on too much risk, the London-based lender has disclosed how its internal models failed to predict a series of trading losses at its investment bank. Barclays issued a so-called amber alert last year after the issues with its trading arm’s value-at-risk modeling, according to a recent filing. Tests of its ...

Bloomberg BNP Paribas, France’s biggest lender, plans to expand China operations to include brokerage, futures trading and wealth-management ventures, as the bank anticipates further foreign investment flows into world’s second-biggest economy. CG Lai, CEO of BNP Paribas China, said his firm was one of many international players establishing and expanding their presence in the country. The moves come as index ...