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Tremors from Turkey coup rattle US, EU

  Istanbul / AFP From the roads of Pennsylvania and corridors of power in Washington to the public squares of Cologne and EU offices in Brussels, the shockwaves from the July 15 failed coup have gone well beyond Turkey. The aftermath of the coup that aimed to unseat President Recep Tayyip Erdogan has prompted a drastic sharpening in Turkish rhetoric ...

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Goldman Sachs fined $36mn over leaked docs

  Washington / Bloomberg Goldman Sachs Group Inc. agreed to pay $36.3 million over allegations that former employees obtained confidential documents from the Federal Reserve in a settlement that requires the bank to beef up its policies to prevent another lapse. The Fed is also pursuing a $337,500 fine and a permanent banking ban against a former Goldman Sachs managing ...

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KCB first-half profit rises 14 percent

  Nairobi / Bloomberg KCB Group Ltd., Kenya’s biggest bank by assets, boosted first-half profit by 14 percent as earnings from lending increased and after setting aside less money for credit-related losses. Net income in the six months through June rose to 10.5 billion shillings ($103.6 million) compared with 9.2 billion shillings a year earlier, the Nairobi-based lender said in ...

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