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Barclays ends 100-year-old Africa presence

Bloomberg Barclays Africa Group Ltd. is no more. And with that a chapter closes on its former British parent’s 100-year history on the continent. The lender on Wednesday ditched the name to revert to Absa Group Ltd. as it severs ties with Barclays Plc after the London-based company sold down the controlling stake it bought in 2005. The Johannesburg-based company ...

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New Malaysia central bank chief strikes neutral tone on rate

Bloomberg Malaysia’s central bank kept its benchmark interest rate steady in the first policy meeting under a new governor, providing support to an economy that Prime Minister Mahathir Mohamad is trying to revamp. Bank Negara Malaysia held the overnight policy rate at 3.25 percent, it said in a statement in Kuala Lumpur on Wednesday, as predicted by all 19 economists ...

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Danske fine may be $670mn as analysts look at new evidence

Bloomberg There are so far no charges or convictions, but analysts are already guessing how big a fine Danske Bank A/S might have to pay following allegations it became a major hub for money laundering in Europe. A potential penalty could be as high as $4.7 billion or as low as $315 million, and estimates average out at $670 million, ...

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