Kiev / AFP Ukraine nationalised the country’s biggest bank in a bid to avert a financial meltdown in the war-scarred former Soviet state. The government moved to take over PrivatBank after months of rumours that the lender was heavily burdened by bad debts. PrivatBank controls one-third of the east European country’s deposits and even has branches in the Baltic ...

  Bloomberg Indonesia’s central bank is reviving a plan to redenominate the currency of Southeast Asia’s biggest economy despite the threat of market turmoil as the US steps up the pace of interest-rate increases. “Re-denomination must be done while the economy is stable,” Bank Indonesia Senior Deputy Governor Mirza Adityaswara told reporters in Jakarta on Monday. “Now, at this moment, ...

  Bloomberg Barclays Plc is preparing to tell 7,000 clients to do more trading with the firm or find another bank, the latest move in an industrywide trend of winnowing down customer lists to the ones that produce significant profits. The British bank launched a new computer system, called Flight Deck, this month that ranks every customer of its trading ...