Bloomberg PPC Ltd is in the final stages of negotiating a 2 billion rand (SU$132 million) bridging guarantee facility, seeking to shore up its balance sheet after a credit-rating cut and warnings of a possible liquidity squeeze. South Africa’s biggest listed cement maker is also working on a plan to raise 3 billion rand to 4 billion rand and ...

  Bloomberg Banks took 2.46 billion pounds (US$3.5 billion) in the first of three extra liquidity operations the Bank of England is holding this month to shore up funding as the UK considers its future in the European Union. Governor Mark Carney is offering the cash — in exchange for collateral — as a precaution to help ensure the smooth ...

  Bloomberg JPMorgan Chase & Co. has joined USA rivals including Bank of America Corp and USA Bancorp in letting customers transfer money between the lenders in real time, challenging ventures including PayPal Holdings Inc’s Venmo. JPMorgan, whose Chase QuickPay product handled US$20 billion in peer-to-peer transfers last year, began offering the service after customers requested it, said Barry Sommers, ...