Bloomberg After aggressive interest-rate reductions to shore up their economies against the havoc wrought by the coronavirus pandemic, central bankers in most sub-Saharan African countries will ask themselves whether the cutting cycle is over when they meet over the next nine days. South Africa’s monetary policy committee (MPC) may take advantage of the scope to lower its benchmark rate even ...

Bloomberg Intesa Sanpaolo SpA sweetened its takeover offer for UBI Banca SpA by adding 652 million euros ($746 million) in cash as it tries to win approval of Italian investors hit by the pandemic. The Italian bank will pay additional 57 euro cents for each UBI share tendered in the offer in addition to the share swap it announced in ...

Bloomberg Barclays Plc warned of challenges to its capital strength and souring loans at its consumer and corporate businesses as British lenders gear up to battle deteriorating economic conditions. The UK’s third-largest bank by market value said its earnings later this month will “reflect challenging income and impairment conditions for the consumer and corporate businesses, and continuing strength of markets ...