Bloomberg Stanbic Bank Kenya Ltd., a unit of Africa’s biggest lender by assets, forecasts its mortgage business in the nation to surge as the economy recovers from the pandemic and the end of presidential elections brings political stability. The unit of South Africa’s Standard Bank group Ltd says it’s Kenya’s second-largest mortgage lender and demand for the product is …

  Bloomberg ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Net income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion euros. , according to a statement by the Dutch lender on Thursday. Loan loss provisions of …

  Bloomberg Stocks in Europe retreated on Monday along with US equity futures as the Federal Reserve’s commitment to tighter monetary settings and worries about the effect on economic growth weigh on investor sentiment. Futures on the S&P 500 and Nasdaq 100 fall more than 1% each. The 10-year Treasury yield was little changed while two-year yields rise about five …