Bloomberg The European Union’s top banking regulator urged lenders to promptly write off loans that are failing in the aftermath of the pandemic, warning that without action “zombie” firms could damage the economic recovery. Jose Manuel Campa, chairman of the Paris-based European Banking Authority, said in an interview on March 19 that regulators expect non-performing loans to “increase to a ...

Bloomberg Credit Suisse Group AG plans to triple its headcount in China over the next three years, ramping up its ambitions to gain market share as the nation’s financial market opens. “We are planning to more than triple our presence in term of headcount in China over the next 3 years and look forward to strengthening our position,” Chief Executive ...

Bloomberg KCB group Plc, Kenya’s biggest bank by assets, is in talks to form digital payment partnerships to expand revenue streams, Chief Executive Officer Joshua Oigara said. “We have to go beyond lending,” Oigara said in an interview in the capital, Nairobi. KCB is looking for partnerships for its mobile wallet, he said. The Nairobi-based lender is seeking increased revenue ...