Bloomberg There’s no point speculating whether rains expected this month will begin on time to help tame inflation that’s accelerated to five-year highs on spiraling food prices, Central Bank of Kenya Governor Patrick Njoroge said. “Nobody knows if the long rains will come in time, and be adequate,” he said on Tuesday in an interview in London. “Last time ...

  Bloomberg Wells Fargo & Co. community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal. Mack announced the moves in an internal memo, saying she’s looking for candidates within the bank and externally for a trio of senior posts focusing on strategy, customer experience and ...

  Bloomberg Banks in the euro zone, flush with new deposits, have turned few of them into loans to companies and consumers. Instead they’ve parked most of the money at the European Central Bank, where they’re paying billions of euros for the privilege of keeping it there. Since June 2014, when the ECB cut rates below zero, deposits at euro-zone ...