Bloomberg Absa Group Ltd. has overhauled the executive management of its corporate and investment banking unit as part of an ongoing group-wide revamp to draw more revenue from operations in Africa. The team of eight, which includes former joint-chief executive officers of the division, Mike Harvey and Temi Ofong, now have a mandate to drive business across the entire African ...

Bloomberg German commercial real estate lender Aareal Bank AG took the hardest hit to date in a far-reaching European Central Bank investigation of how banks gauge risk. Aareal’s key capital ratio dropped by at least 3.5 percentage points as a result of the review, the most among 18 publicly traded banks that have disclosed the impact in statements and conference ...

Bloomberg Just as a tide of cancelled orders has prompted Airbus SE to halt production of the A380 superjumbo, Japan’s biggest airline is betting it can succeed where others have failed — by filling the luxurious double-deckers with tourists flying to Hawaii. Starting May 24, ANA Holdings Inc. has scheduled three flights a week from Tokyo to Honolulu on the ...