Bloomberg Norwegian Air Shuttle ASA secured approval of its restructuring plans from an Irish High Court judge, paving the way for the discount carrier to exit insolvency and raise up to $582 million in fresh capital. The examinership process won legal backing after earlier gaining the support of the majority of Norwegian’s creditors and shareholders. The company will now submit ...

Bloomberg African banks need to improve operating efficiencies and mitigate other risks quickly to avoid a revenue slump of as much as $48 billion over the next three years. If risks go unchecked, multiple years of low profitability will likely follow, according to a report by McKinsey. “Lessons from the 2008 economic crisis suggest that, in times of crisis, speed ...

Bloomberg JPMorgan Chase & Co. said it plans to hire 300 additional Black and Latinx wealth advisers by 2025 to serve more clients from those communities and allow employees from diverse backgrounds to advance in their careers. “We want to drive a step change in the representation of financial advisers” at JPMorgan, Kristin Lemkau, chief executive officer of the bank’s ...