New York / AFP Citigroup joined the growing list of banks to boost reserves for bad energy loans, but said it saw no signs the energy bust was spreading to the broader economy. The US banking giant lifted its reserves for loan losses by $233 million due to energy-related loans as company officials signaled they expect further hits to results ...

  Bloomberg Kenya’s central bank is evaluating more than five offers from potential local and foreign suitors for Chase Bank Kenya Ltd., which was placed into receivership last week, Governor Patrick Njoroge said. The nation’s regulators were forced to step in with emergency support to stem depositor panic after the collapse last week of Chase Bank, the third lender to ...

  BLOOMBERG The People’s Bank of China (PBOC) weakened the daily yuan reference rate by the most in three months after the dollar strengthened. The central bank set the daily fixing of the local currency at 6.4891 to the dollar on Thursday, the lowest level in more than two weeks. The yuan in Shanghai fell 0.1 percent in a third ...