Bloomberg Bank of Nova Scotia, Canada’s third-largest lender by assets, is collaborating with financial technology firm Kabbage Inc to offer loans online to small businesses. The program will be available in Canada starting next month and in Mexico later this year, Atlanta-based Kabbage said that didn’t include terms. Business customers can apply for loans through Scotiabank’s website in the ...

  AP Norway’s consumer watchdog is suing the country’s largest bank, DNB, on behalf of 150,000 customers, claiming it has overcharged them 690 million kroner (US$83 million) in management fees in “falsely active funds.” In one of Norway’s largest class action lawsuits to date, the Norwegian Consumer Council says that from 2010 to 2014 the bank had charged customers six ...

  Bloomberg The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp, highlights a problem many Japanese companies face: passing the reins to a successor. SoftBank founder Masayoshi Son, 58, said he wants to remain at the helm of the company he built from a computer software distributor into one of Japan’s largest telecommunications and investment groups, while ...