Bloomberg The market for the riskiest bank debt is starting to open for Europe’s weaker lenders — provided they are willing to pay up. Banco Bilbao Vizcaya Argentaria (BBVA) SA sold 1 billion euros ($1.1 billion) of so-called additional Tier 1 bonds, with a coupon of 8.875 percent, according to data. That’s about two percentage points more than the Spanish …

BLOOMBERG Central banks’ extraordinary measures to spur growth may eventually show diminishing returns while a key part of the European Central Bank’s quantitative easing programme carries a “certain risk” that has been mitigated, ECB Executive Board member Yves Mersch said. Mersch, in a speech to the Ambrosetti Workshop in Cernobbio Italy, on Saturday, reviewed the various policy instruments that the …

New York / AFP Wells Fargo, an American multinational banking company, will pay $1.2 billion to refund US agencies for wrongly certifying bad loans for federal home insurance ahead of the 2008 housing bust, the Department of Justice announced. The settlement resolves charges that Wells Fargo, a giant in the US mortgage lending, employed shoddy underwriting practices to drive up …