Bloomberg Sri Lanka’s central bank chief imposed more capital controls and threatened to resign if politicians fail to return stability to the nation, which is in the grip of its worst economic crisis since independence. “I took on this responsibility with expectations that political stability will be established,” Governor Nandalal Weerasinghe said in Colombo. Weerasinghe’s briefing comes amid an ...

  Bloomberg Nu Holdings Ltd, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway Inc, partnered with blockchain startup Paxos Trust Co to allow its customers to trade cryptocurrencies. Nubank’s more than 50 million customers will initially be able to trade Bitcoin and Ethereum, according to Paxos Chief Executive Michael Coscetta. Paxos has seen demand increase for digital assets ...

Bloomberg Standard Bank Group Ltd has named a female Black person to chair Africa’s biggest lender by assets for the first time. Nonkululeko Nyembezi has been appointed as chairman-designate effective June 1, according to a statement. She replaces Thulani Gcabashe, who will retire after the annual general meeting on May 31. “It is hugely significant to us that the Standard ...