Bloomberg Axis Bank Ltd is nearing a deal to buy Citigroup Inc’s India retail banking business in a transaction that could be valued at about $2.5 billion, people familiar with the matter said. An agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of …

  Bloomberg Bank of America (BofA) Corp has led a $20 million funding round into UK startup Banked Ltd, a tie up that will give customers of e-commerce companies in the UK the option to make card-free purchases. The US lender is teaming up with the fintech to offer a ‘Pay by Bank’ solution that will enable users to pay …

  Bloomberg DBS Group Holdings Ltd Chief Executive Officer Piyush Gupta said investors in Southeast Asia’s largest lender should be cautious about uncertainties stemming from Federal Reserve interest rate hikes and slowing Chinese growth. That tone followed the release of strong profit growth for the fourth quarter, wrapping up a year which he described as the bank’s best financial performance …