Bloomberg Andre Esteves once joked that Banco BTG Pactual SA, the Latin American investment bank powerhouse he helped create, would one day become “better than Goldman” — a play on the firm’s name. Now, BTG is chasing Goldman Sachs Group Inc down another path, looking to build a digital retail bank for the masses. The firm, under the BTG Digital …

Bloomberg Banks in Denmark have seen their aggregate profits sink this year, according to calculations by the industry’s main lobby group, which has repeatedly urged monetary policy makers to provide relief from long-term negative interest rates. Industry profits fell 20 percent in the first half of this year, Finans Danmark said. Denmark’s 17 biggest banks and mortgage lenders reported after-tax …

Bloomberg The European Central Bank’s (ECB) latest round of easing sent a signal to institutional investors that their inflation hedges may be growing more pointless by the day. In the northernmost corner of the euro zone, a $51 billion pension fund says ECB President Mario Draghi isn’t giving his industry much hope that things will improve. “So far, the less …