Bloomberg Canada’s banks could see their costs rise by as much as 30 basis points under government proposals that would force them to take on a greater share of mortgage defaults, as policy makers seek to engineer a soft landing in the country’s housing market. The estimates, contained in consultation documents released by the country’s finance department, outline two …

  Bloomberg Mitsubishi UFJ Financial Group Inc. is considering opening offices in Kenya and Morocco to boost its African business as Japanese companies seek natural resource and infrastructure-related opportunities on the continent, a person with knowledge of the matter said. Japan’s largest bank has begun studying the possibility of opening the offices in the countries and no decision has been …

  Bloomberg Barclays Plc Chief Executive Officer Jes Staley cast a positive light on the progress he’s making in his turnaround program, as he reiterated his commitment to shedding lower-priority assets to bolster returns. The London-based bank’s core consumer and investment-banking businesses generated a return on tangible equity of about 11 percent as of June, higher than the roughly 10 …