Bloomberg Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it’s spending 2.5 million pounds ($3.1 million) to reimburse customers who lost money during a wave of fraudulent account transactions over the weekend. About 9,000 of the firm’s 136,000 checking-account clients fell victim and were fully reimbursed by Tuesday, the company said in a statement. The bank ...

  Bloomberg ABN Amro Group NV promoted Kees Van Dijkhuizen to chief executive officer to help complete the Dutch bank’s privatization, succeeding Gerrit Zalm, who returned the firm to the stock market last year. Van Dijkhuizen, 60, a former state official who has been the lender’s chief financial officer since 2013, will assume the CEO role by mid-February at the ...

  Bloomberg Skye Bank Plc, which had its management replaced by the Central Bank of Nigeria in July after breaching liquidity thresholds, plans to sell units outside of Africa’s biggest oil producer to ease pressure on capital buffers. The Lagos-based lender is seeking to dispose of majority stakes in its businesses in Gambia, Guinea and Sierra Leone, according to two ...