Bloomberg Bank of America Corp. and Bain Capital’s credit investment arm are considering bids for about 1 billion euros ($1.06 billion) of non-performing assets from Banco Popular Espanol SA as the Spanish lender accelerates efforts to clean up its balance sheet, according to people with knowledge of the matter. Negotiations are ongoing, and an agreement may be reached in ...

  Bloomberg China’s central bank raised its yuan fixing for the first time in 13 days as the dollar’s ascent eased, reinforcing speculation that policy makers are prepared to step up measures to slow the currency’s declines. The People’s Bank of China strengthened its daily reference rate by 0.3 percent to 6.8779 per dollar, ending a 12-day decline that took ...

  Bloomberg SBM Holdings Ltd., Mauritius’s second-biggest lender, said it’s acquiring Fidelity Commercial Bank Ltd. of Kenya to kick off an expansion in East Africa that will target four more countries. The bank is buying FCB’s entire share capital for 100 shillings and injecting 1.46 billion shillings ($14.3 million) of new capital, Port Louis-based SBM said in a statement on ...