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UK kick-starts search for Carney successor at BOE

Bloomberg The UK formally kick-started its search for Mark Carney’s successor as the governor of the Bank of England (BOE), a role that’s been linked to both senior people within the institution and ex-central bankers around the world. Canadian-born Carney was the first foreigner to run the BOE, and Chancellor of the Exchequer Philip Hammond has said he’s willing to ...

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S African banks entice millennials with concerts, free food

Bloomberg From free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up. The biggest lenders are facing an onslaught of entrants for the first time in 12 years. They’re responding before the newcomers find their feet by pushing loyalty programs, revamping digital offerings for technology-savvy ...

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Sainsbury needs ‘miracle’ ahead of ruling on Asda deal

Bloomberg The UK’s antitrust regulator will publish its final decision on Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc’s Asda, after attaching harsher-than-expected conditions to the deal in February. Sainsbury’s attempt to buy the grocer — which would create the biggest UK supermarket chain — looked close to collapse in February after the Competition ...

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