Bloomberg Standard Bank Group Ltd. said first-quarter net income declined 27% after Africa’s largest lender prepared for a surge in loan defaults as measures to contain the coronavirus batter business and personal incomes alike. Credit-impairment charges for the three months through March were “significantly higher” than in the prior year, the Johannesburg-based company said in a statement. “The increase was ...

Bloomberg A former Deutsche Bank AG veteran’s Japanese cryptocurrency exchange is poised to start trading services just as Bitcoin shows signs of a recovery from coronavirus-fuelled turmoil. More than two years after its foundation, FXcoin Ltd. plans to offer Bitcoin transactions on its platform from May, it said in a statement on Thursday. The firm has recently begun accepting applications ...

Bloomberg Last month HSBC Holdings Plc shocked investors by announcing it would scrap its dividend. For the Hong Kong Medical Association, a group in charge of community public health programs instrumental in the fight against the coronavirus and a long-time investor in the city’s biggest bank, the news meant it would lose 7% of its annual spending budget. With more ...