Bloomberg Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the US lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter. The bank has yet to file a formal application, the people said, asking not to be identified as the information is private. While ...

  Bloomberg The Bank of England (BOE) plans to boost fees on UK banks to recover 5.4 million pounds ($6.7 million) of regulatory costs associated with Brexit. The BOE’s Prudential Regulation Authority said that Britain’s withdrawal from the European Union ‘will require a significant amount of work’ to review rules and respond to industry questions. The bank said the industry might ...

  Bloomberg Bank of Ireland Plc Chief Executive Officer Richie Boucher, who took over amid the nation’s worst economic crisis in living memory and helped the lender recover from a bailout, intends to step down. Boucher, 58, will remain in charge of Bank of Ireland while the board seeks a new CEO, the Dublin-based company said in a statement. He ...

  Bloomberg The European Central Bank gave euro-area banks 233.5 billion euros in its last offer of free long-term cash, the largest net amount since the program was launched. Banks’ interest in Targeted Longer-Term Refinancing Operations (TLTRO) — four-year loans at a rate that starts at zero and could go lower — increased as the economic recovery spurs calls for ...

  Bloomberg Yes Bank Ltd., the Indian lender that scrapped a $1 billion equity offering last year, has picked Bank of America Corp. and CLSA Ltd. to arrange another attempt at an institutional share sale, people with knowledge of the matter said. The lender, backed by billionaire Rana Kapoor, plans to seek as much as $750 million including a so-called ...

  Bloomberg Credit Suisse Group AG increased its bonus pool 6 percent, defying a trend toward smaller payouts at many of its peers in an effort to prevent an exodus of talent from its investment banking and Asian operations. The bank awarded 3.09 billion francs ($3.1 billion) in incentive pay for 2016, according to its annual report, even as charges ...

  Bloomberg Bulgarians are voting in early parliamentary elections, with former Prime Minister Boyko Borissov’s Gerb party neck-and-neck with the Socialists in a contest that may strengthen Russia’s foothold in the region. In the third snap vote in five years, polls opened at 7 a.m and was to close at 8 p.m. While affirming their commitment to the European Union, ...

  MOSCOW / AP Thousands of people crowded into Moscow’s Pushkin Square on Sunday for an unsanctioned protest against the Russian government, part of a wave of demonstrations taking place throughout the country. Alexei Navalny, the anti-corruption campaigner who is leading the opposition to President Vladimir Putin, was arrested while walking from a nearby subway station to the demonstration, according ...

  Baghdad / AP An airstrike targeting IS militants in the Iraqi city of Mosul that witnesses say killed at least 100 people was in fact launched by the US military, American officials said. US officials did not confirm the reports of civilian casualties but opened an investigation. In the days following the March 17 airstrike, US officials had said ...

  BEIRUT / AP The IS group ordered residents to evacuate the Syrian city of Raqqa on Sunday following reports that a dam contested by US-backed forces upstream on the Euphrates River could collapse, activists reported. The militants said coalition airstrikes had weakened the Tabqa Dam, some 40 kilometers west of Raqqa, and that the water level behind the dam ...