BLOOMBERG Bank of America Corp. (BofA) has generated less revenue from its equity and fixed-income trading businesses so far this year than in the same period of 2015, according to people with knowledge of the matter. The second-largest US lender’s revenue from fixed-income trading, which includes credit, currencies and commodities, dropped about 10 percent from a year earlier, the people ...

Bloomberg Barclays Africa Group’s Kenyan unit reported full-year profit that was little changed as bad loans increased on rising credit costs. Net income was 8.4 billion shillings ($83 million) in the 12 months through December, compared with 8.39 billion shillings a year earlier, Barclays Bank of Kenya Ltd. Chief Financial Officer Yusuf Omari told reporters Friday in the capital, Nairobi. ...

RIGA / Bloomberg A Latvian lender linked to a string of money-laundering probes was closed by the European Central Bank (ECB). Trasta Komercbanka AS, the Baltic nation’s 13th-biggest lender by assets, had its license revoked after local regulators slapped restrictions on it in January. Latvia’s Financial and Capital Market Commission, which doesn’t deem the bank systemically important, said the move ...