Bloomberg Financial-market turbulence is supposed to be a good thing for Wall Street trading desks — not so this quarter. Banks are struggling to capitalise on tumult across stock, bond and currency markets, in part because many investors are staying on sidelines as year-end approaches. Another culprit: dramatic but short-lived swings in asset prices that are striking some of their …

Bloomberg Rwanda’s central bank set out more stringent capital requirements for financial-services companies in the East African nation and announced a change in its monetary-policy framework to better accommodate the country’s requirements. Commercial banks need 20 billion francs ($23 million) of paid-up capital, four times the current requirement of 5 billion francs, while development lenders will need 50 billion francs, …

Bloomberg BMO Capital Markets’ metals and mining division faced upheaval this year after losing its two veteran co-heads during an already tough time for the resource industry. Its new leaders aim to prove the investment bank remains as strong as ever in the sector. The Bank of Montreal unit is accelerating lending and adding more bankers, including a sales-and-trading team …