Bloomberg Nineteen US financial firms — including titans such as JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. as well as regional lenders and credit unions — have signed up for a new real-time payments network dubbed Zelle. The venture, replacing an existing system called clearXchange next year, will be accessible to more than ...

  Bloomberg The European Union is preparing a rewrite of international capital requirements as part of a growing effort to soften the blow of regulations on struggling banks. The European Commission will announce a sweeping plan as early as next month for enacting global standards including a requirement for lenders to have more stable funding to weather a future crisis. ...

  AFP Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say. When the 2011 uprising toppled the regime of dictator Moamer Kadhafi, Libyans dreamt of transforming their country into another Dubai. Today, they have somewhat lower expectations. “To live in ...