Bloomberg GIC Pte reached a preliminary agreement to pay less than $400 million for a 7.7 percent stake in Bank for Foreign Trade of Vietnam JSC, the nation’s second-biggest listed company, people with knowledge of the matter said. The Singapore sovereign fund will buy Vietcombank stock at a discount to the current market price, the people said, asking not ...

  Bloomberg Mondo, a financial startup vying to crack the dominance of Britain’s biggest lenders, said it changed its name by one letter to Monzo after a legal dispute. The smartphone-based lender started by former GoCardless Ltd. founder Tom Blomfield picked the name after considering 12,560 suggestions from customers over six months, the London-based firm said in a statement. The ...

  Bloomberg Maj Invest, a Danish asset manager with $8 billion in assets, is looking to boost acquisitions in the micro finance industry in the Andean region. The Copenhagen-based asset manager is in the process of raising capital to grow the size of its Maj Invest Financial Inclusion Fund II to $100 million by June from $75 million now, according ...