Bloomberg The European Union has threatened to go rogue in talks on bank capital rules, and the bloc’s willingness to go its own way could undermine global standards intended to avert a new financial crisis. Top EU policy makers have made clear that sweeping changes are needed before the EU will accept a capital-rule revamp under way at the ...

  Bloomberg Nigeria’s banking industry is experiencing a “full blown financial crisis” as failed fiscal and monetary policies lead to a credit crunch, according to Arqaam Capital. Unity Bank Plc and Skye Bank Plc are close to being insolvent while lenders FBN Holdings Plc and Sterling Bank Plc “will need a dilutive capital hike,” Jaap Meijer and Tarek Sleiman, analysts ...

  Bloomberg Standard Chartered Plc has stepped up its hiring from Barclays Plc’s private-banking team in Hong Kong ahead of the transfer of the business to Oversea-Chinese Banking Corp., in a move that underscores the stiff competition for wealth managers in Asia. More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered, which is expanding its wealth ...