Bloomberg The Indian lender that’s been most hurt by a yearlong shadow banking crisis in the nation is getting a reprieve after a local media report that it’s in early talks to sell a stake to an Alibaba Group Holding Ltd-backed company. Shares of Yes Bank jumped as much as 8.5 percent on Wednesday. While the lender is the worst ...

Bloomberg The Bank of Ghana is strengthening its capacity to regulate lenders and avoid a repeat of a sector cleanup which cost the West African nation more than 14 billion cedis ($2.5 billion). The central bank’s supervision unit is employing more staff and acquired a new IT system to monitor compliance, Osei Gyasi, head of the division, told a conference ...

Bloomberg Pound volatility is at emerging-market (EM) levels and UK assets are set for a substantial repricing once the Brexit outcome becomes known, according to Bank of England (BOE) Governor Mark Carney. Carney made the comparison, which echoes a long-standing quip on trading desks, at an event at the Council on Foreign Relations in New York. When asked to comment ...