Bloomberg Credit Suisse Group AG expects to book a $450 million impairment on its stake in York Capital Management as the US firm winds down most of its hedge-fund strategies, the latest blow for the bank after a series of setbacks this year. The charge, which could still change, will be booked in the fourth quarter in the asset management ...

Bloomberg Access Bank Plc, Nigeria’s biggest lender, plans to more than double customer numbers over the next three years by expanding in the rest of Africa. The Lagos-based lender is creating a holding company structure that will enable it to diversify into other financial services separately from the banking business. Access Bank, which has plans to be present in 22 ...

Bloomberg Global stocks advanced for a second day as investors cheered the start of US President-elect Joe Biden’s formal transition. The dollar extended its decline to the lowest since 2018. Energy stocks led the Stoxx 600 Index higher, with travel companies and banks also notching gains in a broad advance. Haven assets were weaker, with gold, Treasuries and the dollar ...