Bloomberg Shares of Kenya’s biggest banks plunged after President Uhuru Kenyatta signed a law that caps the interest rates lenders can charge on loans and set minimum payments on deposits. KCB Group Ltd., the nation’s largest bank by assets, led the slump to head for the steepest decline in 13 years after Kenyatta signed the law saying he sympathized ...

  Bloomberg Malayan Banking Bhd. posted a third straight decline in quarterly profit as the biggest Malaysian lender more than tripled allowances for loan impairments. Net income fell to 1.16 billion ringgit ($288 million) in the three months through June from 1.58 billion ringgit a year earlier, the Kuala Lumpur-based company said in a stock exchange filing on Thursday. Revenue ...

  Lisbon /AFP The European Commission and Portugal said they have agreed on a 5-billion-euro deal to recapitalise the state-owned Caixa Geral de Depositos (CGD) bank, including through a 2.7-billion-euro injection of state funds. The deal was provisionally approved by European Union competition chief Margrethe Vestager to meet the 28-nation bloc’s tough rules on preventing unfair government aid for businesses. ...