Bloomberg The Central Bank of Nigeria granted lenders permission to write off any fully provided non-performing loans without waiting for the full year required by regulations, as authorities seek ways to boost lending and avert a recession in Africa’s biggest economy. The decision follows a request by banks for an amendment to the rule that requires lenders to retain ...

  Bloomberg Roger Ferguson’s deal to buy EverBank Financial Corp. shows an eagerness to expand TIAA, the company known for offering retirement products to teachers, while he counters for-profit insurance rivals that retreated from heavily regulated deposit-taking operations. TIAA will pay $2.5 billion in cash for the largest Florida-based lender, adding a platform for providing personal and business loans, Ferguson ...

  Europe’s banks have had a rough year: Their stock prices have fallen so low that some observers wonder whether they are viable in their current form. Yet the most commonly proposed solution — a true banking union — is also deeply flawed. The euro area’s banking system faces numerous difficulties. These include economic growth that seems to be permanently ...