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China bank regulator lists firms it says violated investor rules

Bloomberg China’s banking and insurance regulator for the first time published names of companies that it alleges committed shareholder violations in the industry, warning investors against misbehaviour as the sector tries to attract private and foreign capital. The China Banking and Insurance Regulatory Commission’s list of 38 companies, published on its website, didn’t identify the banks or insurers they invested ...

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Nigerian central bank devalues naira by 5.3%

Bloomberg Nigeria’s central bank devalued the naira at one of its currency auctions, according to people familiar with matter. The weakening comes after Governor Godwin Emefiele announced last month that the bank plans to unify its multiple exchange rates to improve the transparency of its currency-management system. At an auction for importers, the central bank asked that bids for foreign ...

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ECB split brews on pandemic program that calmed crisis

Bloomberg European Central Bank (ECB) President Christine Lagarde’s signature crisis-fighting tool is becoming the focus of disagreement among policy makers in what could amount to her first major test of discipline. Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted towards weaker countries such as Italy, according to multiple conversations with central-bank ...

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