Bloomberg African Bank Holdings Ltd. reported a full-year loss a day after announcing the unexpected resignation of Basani Maluleke, the only Black women to lead one of South Africa’s top banks. The unsecured lender swung to a 560 million-rand ($37 million) loss in the 12 months through September, compared with a year-earlier profit of 267 million rand, Johannesburg-based African Bank ...

Bloomberg The People’s Bank of China (PBOC) will seek to balance supporting economic growth and curbing emerging risks, Governor Yi Gang said, signalling a continuation of the central bank’s existing policy stance. “Going forward, China’s monetary policy will, on one hand, adjust to new economic developments in a timely manner, and on the other hand maintain policy stability to avoid ...

Bloomberg The race to succeed UniCredit SpA Chief Executive Officer (CEO) Jean Pierre Mustier is accelerating, with the Italian bank trimming its list of preferred candidates to just three or four after high-profile names such as Tidjane Thiam dropped out of contention. The bank is now seeking to name a successor earlier than its initial target of February 10, according ...