Bloomberg Nigerian President Muhammadu Buhari will launch a digital currency on Monday aimed at improving the payments system in the West African nation, according to the central bank. The eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” the Central Bank of Nigeria said in emailed statement. The digital ...

Bloomberg Talks between the Italian government and UniCredit SpA over the sale of Banca Monte dei Paschi di Siena SpA have collapsed, dealing a blow to Prime Minister Mario Draghi’s efforts to end the bank’s troubles. The Treasury and UniCredit ended negotiations after being unable to overcome stumbling blocks related to a capital injection in Monte Paschi and the businesses ...

Bloomberg Goldman Sachs Group Inc. called on the UK to relax capital rules for retail banking introduced in the aftermath of the global financial crisis, the Mail on Sunday reported. The UK currently requires big banks with deposits of 25 billion pounds ($34 billion) or more to ring-fence the retail operations, meaning the banks can’t use the funds in the ...