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Deutsche Securities warned by Japan over bond trading collusion

  Bloomberg The Japan Fair Trade Commission issued a warning to the Japanese brokerage unit of Deutsche Bank AG after it found that a trader colluded with a counterpart at Citigroup Inc. on trades of European sovereign bonds — the first such notice handed down to a foreign securities company operating in the country. The trader at Deutsche Securities Inc. ...

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Kenya’s biggest bank posts first profit drop on bad loans

  Bloomberg Equity Group Holdings Ltd. posted its first-ever drop in annual profit, missing analysts’ expectations for an increase, as non-performing loans at Kenya’s biggest bank by market value more than doubled. The stock head for it’s biggest fall in six months. Net income declined to 16.5 billion shillings ($161 million) in the 12 months through December from 17.3 billion ...

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Barclays Africa debt sale misses target

  Bloomberg Barclays Africa Group Ltd. sold less than half its target in a bond auction as a wall of debt issuance by South African banks and the impending exit of its UK parent, Barclays Plc, damped demand. Barclays Africa offered 1.5 billion rand of notes but raised only 642 million rand within price guidance, according to Deon Raju, head ...

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