Bloomberg The Internal Revenue Service (IRS) is seeking to force UBS Group AG to turn over records on an account in Singapore held by a US citizen, potentially opening a new front against offshore tax evasion beyond Switzerland. The IRS last month asked a federal judge in Miami to force UBS, the largest Swiss bank, to produce documents on Ching-Ye ...

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. ...