Bloomberg Barclays Africa Group Ltd. said it will receive about $1.1 billion for costs associated with splitting from its U.K. parent and the setting up of a black economic-empowerment program. The UK bank will contribute about 2.1 billion rand ($163 million) towards the inclusion of black shareholders, the Johannesburg-based lender, which trades under the name Absa in South Africa, ...

  Bloomberg Sam Woods, head of the Bank of England’s (BOE) Prudential Regulation Authority, said UK supervisors plan to ease capital demands on smaller banks to make it easier for them to compete against larger lenders. Writing in the comment pages of the Financial Times, Woods said the authority is adopting a new approach that will help even out disparities ...

  Bloomberg Intesa Sanpaolo SpA climbed in Milan trading after abandoning the idea of a joint business model with an insurance company as Chief Executive Officer Carlo Messina doesn’t see sufficient value in merging with Assicurazioni Generali SpA, Italy’s biggest insurer. The country’s second-largest bank said that after studying a possible combination under the bancassurance model, it now plans to ...