Bloomberg Apollo Global Management LLC said it plans to use its purchase of Nova Kreditna Banka Maribor (KBM) to build a regional “champion” that will compete with three other main banking groups in a streamlined industry. Apollo, which completed the 250 million-euros ($284 million) takeover this week, wants to merge Nova KBM with Postna Banka Slovenije and Raiffeisen Bank …

  Bloomberg The European Central Bank (ECB) said it plans to start buying corporate bonds in June as it unveiled more details of its purchase programme. The bank will start buying corporate bonds maturing between six months and 30 years, according to a statement on the bank’s website. Purchases will include bonds issued by insurance companies, while excluding those sold …

  Toronto / REUTERS Trading activity in North America’s first yuan hub, Toronto, has fallen short of the heightened levels expected at its launch and local banks should be doing more to spur growth, an Industrial and Commercial Bank of China (ICBC) executive said. The hub was launched more than a year ago to foster increased trade and investment activity …