Douala / AFP Four employees of a Cameroon bank have been detained on suspicion of stealing millions of euros, sources said. The four staff members of BICEC, a local subsidiary of French bank BPCE, have been placed in detention in the economic capital Douala after they were arrested, a legal source said on condition of anonymity. The group, which ...

  Bloomberg The Central Bank of Nigeria granted lenders permission to write off any fully provided non-performing loans without waiting for the full year required by regulations, as authorities seek ways to boost lending and avert a recession in Africa’s biggest economy. The decision follows a request by banks for an amendment to the rule that requires lenders to retain ...

  Bloomberg Roger Ferguson’s deal to buy EverBank Financial Corp. shows an eagerness to expand TIAA, the company known for offering retirement products to teachers, while he counters for-profit insurance rivals that retreated from heavily regulated deposit-taking operations. TIAA will pay $2.5 billion in cash for the largest Florida-based lender, adding a platform for providing personal and business loans, Ferguson ...