Bloomberg Axis Bank Ltd., India’s third-largest private-sector bank, slumped the most in two years after profit missed estimates and it forecast higher credit costs. The stock fell as much as 9.4 percent in Mumbai trading, the biggest intraday drop since August 2015, and traded 8.3 percent lower at 470.35 rupees as of 11:46 a.m. local time. The lender reported second-quarter ...

Bloomberg Lendify AB’s name may echo that of music streaming behemoth Spotify but the peer-to-peer lender’s real inspiration is vacation-rental giant Airbnb Inc. With lofty role models such as those, the unprofitable Stockholm-based company is planning a third financing round and has sold more bonds as it targets growing its loan book 40-fold over the next five years. Lendify is ...

Bloomberg Kenya’s central bank is communicating a sense of normalcy and continuity to investors amid uncertainty about the country’s protracted elections, Governor Patrick Njoroge said. Institutions including the nation’s courts show Kenya is a ‘mature’ democracy, Njoroge said. While liquidity in the country’s money markets is tight at the moment, it has “nothing to do with the political circumstances,” he ...