Bloomberg The Monetary Authority of Singapore (MAS) is poised to become the latest central bank to test its own digital currency, which it will use in a trial of a blockchain-driven system for interbank payments. The ‘proof-of-concept’ project, which also involves the city’s stock exchange and eight banks, is aimed at simplifying the payments process and reducing transaction costs, ...

  Bloomberg Barclays Bank of Kenya Ltd. became the first of the country’s biggest banks to report a drop in nine-month profit as it tripled loan-loss provisions and bad loans surged. The bank partially owned by Barclays Plc’s Africa unit posted profit of 6.06 billion shillings ($59.5 million) in the nine months through September, compared with 6.4 billion shillings a ...

  Bloomberg ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, reported a 19 percent jump in third-quarter profit and said it would cut 1,500 jobs as it steps up cost reductions. Underlying net income, which strips out one-time items, rose to 607 million euros ($652 million) from 509 million euros a year ...