Bloomberg Citigroup Inc. and BNP Paribas SA dropped in global regulators’ ranking of banks that pose the biggest threat to the financial system, and authorities recommended they face lower capital surcharges. Citigroup fell one level in the ranking, meaning its extra capital requirement under international standards will be 2 percent of risk-weighted assets, according to the Financial Stability Board’s latest ...

Bloomberg Bidvest Group Ltd.’s banking unit agreed to buy FinGlobal, a provider of financial services to South Africans living outside the country, as part of an acquisition drive to expand and diversify its business. Bidvest Bank will fund the purchase out of its 2 billion rand ($142 million) in cash reserves, Managing Director Japie van Niekerk said by phone on ...

Bloomberg Australia’s central bank chief said interest rates will likely rise eventually as policy makers’ patience is finally rewarded with unemployment falling sufficiently to spur wage growth and faster inflation. “We’re not too far away from 2 percent and I think we’ll get there, we’re just not getting there as quickly as we would like to,” Governor Philip Lowe said ...