Bloomberg The biggest banks and insurers in Africa, including Old Mutual Plc and Standard Bank Group Ltd, are temporarily closing operations and evacuating staff after violence between rival political factions in South Sudan’s capital, Juba, left at least 272 people dead. The fighting disrupted operations of Standard’s CfC Stanbic Bank in Juba and action had to be taken to ...

  Cape Town / Bloomberg Mitsubishi UFJ Financial Group Inc led a rally in Japanese bank shares after the Sankei newspaper reported that policy makers are considering allowing the central bank to directly finance government stimulus spending. MUFG, Japan’s largest bank, closed 5.3 percent higher in Tokyo trading on Wednesday and was the best performer on the Topix Banks Index, ...

  Bloomberg Just as Israel is close to legislating major reforms to the banking industry, critical voices are starting to mount. A cabinet member echoed concerns of a credit crisis raised by the International Monetary Fund, days after the organisation said certain points of the government’s proposal contradict the lessons of the last financial crisis. “I would not ignore the ...