Bloomberg A few years ago, the biggest banks in one of the richest corners of the globe were adding thousands of jobs to a department that suddenly seemed more important than most others: compliance. But with headcount growing more than 10-fold in some cases, those same jobs are now at risk. This month, Danske Bank A/S warned of “significant” cuts, ...

Bloomberg The African Development Bank (AfDB) approved loans and grants for several nations to ward off the Covid-19 pandemic as infections multiplied across the continent. The lender will provide $97.7 million for Rwanda’s budget to help the nation strengthen its health-care system, buttress economic resilience and mitigate the pandemic’s impact on the most vulnerable people. Under the worst-case scenario, Rwanda’s ...

Bloomberg Axis Bank Ltd., India’s third-largest private sector lender, has picked advisers including BNP Paribas SA and Credit Suisse Group AG to manage its proposed share sale. The Mumbai-based lender has also chosen HSBC Holdings Plc and UBS Group AG for the offering, the people said, asking not to be named as the information is not public. Axis Bank plans ...