Shanghai / AFP Japanese telecom giant Softbank said on Monday it will buy back about 14 percent of its shares for more than $4.0 billion, after the stock plunged since the start of the year. The company plans to buy 167 million shares over one year starting Tuesday at a total cost of around 500 billion yen ($4.4 billion), it ...

BLOOMBERG Bank stock volatility this year shows that the Bank of England should “think again” about its capital buffer requirements for U.K. lenders, according to John Vickers, who led the Independent Commission on Banking. The BOE’s 11 percent goal for the “appropriate” level of Tier 1 equity, a regulatory measure of financial strength for the banking system, is “questionable,” Vickers ...

Bloomberg Commercial International Bank Egypt SAE approved an offer by billionaire Naguib Sawiris’ Orascom Telecom Media And Technology Holding SAE to buy its investment-banking unit CI Capital. Orascom Telecom made a non-binding offer to buy CI Capital for 924 million Egyptian pounds ($118 million), Egypt’s biggest publicly-traded lender said in a filing to the country’s bourse on Monday. The deal ...