Bloomberg Bank of America Corp., which spends about $1 billion a year handling cash, will save money and require fewer employees as more customers make payments electronically, Chief Executive Officer Brian Moynihan said. “This is just the reality: the more electronification, the less people,” Moynihan, 56, said in an interview on Bloomberg Television. “It’s the way we’ve gone from ...

  Bloomberg Ratings for Nova Ljubljanska Banka d.d., Nova Kreditna Banka Maribor d.d. and Abanka d.d may be raised by Moody’s Investors Service as Slovenia’s economy gathers strength, improving lenders’ funding conditions following a reduction in wholesale borrowing. All long-term ratings and rating inputs of Nova Ljubljanska and Abanka d.d. were placed on review for upgrade while the long-term deposit ...

  Bloomberg Societe Generale SA, France’s second-largest bank, reported second-quarter profit that beat analyst estimates, capping a string of positive results for the country’s lenders. Net income rose 8 percent to 1.46 billion euros ($1.6 billion) from a year ago, the Paris-based bank said in a statement. That beat the 1.36 billion-euro average estimate of six analysts compiled by Bloomberg. ...