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Rabobank Groep profit goes up 20% in 2015

Bloomberg Rabobank Groep, the biggest Dutch mortgage lender, recorded a 20 percent rise in full-year profit after loan impairment charges plunged in 2015. Net income jumped to 2.2 billion euros ($2.5 billion) from 1.8 billion euros for 2014, the closely held bank said in a statement on Thursday. Goodwill impairments fell 61 percent to 1 billion euros for the year ...

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PBoC moves to daily open-market operations

Bloomberg China’s central bank said it will start conducting open-market operations every business day, strengthening its influence on interest rates. The People’s Bank of China (PBoC) introduced daily auctions from Jan. 29 to manage liquidity around the Lunar New Year holiday, a period in which surging demand for funds has led to cash squeezes in the past, and was due ...

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Barclays to weigh sale of Egyptian unit

Bloomberg Barclays Plc is considering selling its Egyptian unit after abandoning a plan to fold it into its Africa business, according to people with knowledge of the plan. The unit, whose presence in Egypt dates back to 1864, may be worth more than $500 million, according to one person familiar, who asked not to be identified because the details aren’t ...

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