Bloomberg / AP Citigroup Inc. agreed to pay a penalty of almost 70 million rand ($5.4 million) to settle a South African antitrust investigation that said it participated in an alleged cartel to manipulate the value of the rand. Citigroup will make witnesses available to help prosecute other banks that participated in price fixing and market allocation in the ...

  Bloomberg Rania Nashar was named chief executive of Samba Financial Group, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social reforms. Nashar is a board member of Samba’s global markets subsidiary and a Pakistani unit, and has nearly 20 years of experience in banking. Women, banned from driving in ...

  Bloomberg The European Central Bank could consider renewing its offer of free long-term liquidity to lenders though it shouldn’t turn it into a permanent measure, a Governing Council member said. Targeted longer-term refinancing operations are “a very practical and very helpful instrument; I would be very flexible regarding that instrument in the future,” Bank of Lithuania Governor Vitas Vasiliauskas ...