Bloomberg The European Central Bank is likely to make multiple small adjustments to its guidance on monetary policy next year rather than any major change in language as it ends quantitative easing, according to euro-area officials familiar with the thinking of policy makers. Incremental shifts in the wording used to describe the expected path of its policy would make sense ...

Bloomberg Citigroup Inc. and BNP Paribas SA dropped in global regulators’ ranking of banks that pose the biggest threat to the financial system, and authorities recommended they face lower capital surcharges. Citigroup fell one level in the ranking, meaning its extra capital requirement under international standards will be 2 percent of risk-weighted assets, according to the Financial Stability Board’s latest ...

Bloomberg Bidvest Group Ltd.’s banking unit agreed to buy FinGlobal, a provider of financial services to South Africans living outside the country, as part of an acquisition drive to expand and diversify its business. Bidvest Bank will fund the purchase out of its 2 billion rand ($142 million) in cash reserves, Managing Director Japie van Niekerk said by phone on ...