Bloomberg Tunisian media mogul and former presidential candidate Nabil Karoui was detained after a judge’s order, his lawyer said, amid an ongoing purge of alleged corruption that’s included the arrest of a government minister. Karoui, who founded Heart of Tunisia, the second-biggest party in both the government coalition and parliament, had been in court in connection with graft and money ...

Bloomberg Mitsubishi UFJ Financial Group Inc.’s next banking unit chief vowed to target business in Asia, while signaling the potential for cutbacks in developed markets as plunging interest rates dent profitability. “In Asia, we will pursue growth,” Junichi Hanzawa, 55, told reporters after being appointed president of MUFG Bank Ltd. “In Europe and the US, where interest rates are very ...

Bloomberg The Federal Reserve, showing confidence in how banks are weathering the pandemic, gave industry leaders a green light to resume billions of dollars in stock buybacks. Lenders including JPMorgan Chase & Co. and Goldman Sachs Group Inc. said they’ll take the Fed up on its offer. The loosening of restrictions marks a partial but significant win for firms that ...