Reuters The chief banking officer of Bank ABC, Ray Ferguson, will step down from his position at the Bahraini lender in early 2017, according to an internal memo seen by Reuters on Tuesday. Ferguson, hired from Standard Chartered in 2014, had been tasked with helping to formulate and implement a refreshed strategy at the bank which included expanding abroad …

  Bloomberg The European Central Bank might need to change the rules of the game if it wants to keep playing in the bond market. President Mario Draghi’s 1.7 trillion-euro ($1.9 trillion) asset-purchase program is scheduled to end in just six months, but euro-area inflation is still weak and the full shock of the UK’s Brexit vote could be yet …

  Bloomberg Air Canada plans to ease its debt load and push back maturities to cut costs as the airline industry wrestles with overcapacity and weak fares. The airline intends to redeem $700 million of US dollar first- and second-lien bonds maturing in 2019 and 2020, as well as C$300 million ($233 million) of Canadian dollar bonds maturing in 2019, …