Bloomberg China’s foreign-exchange reserves posted an 11th straight monthly increase, capping a year of recovery amid tighter capital controls, a stronger yuan and resilient economic growth. The reserves climbed $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion median estimate in a Bloomberg survey. That brought the ...

Bloomberg The dollar’s status as the world’s most popular funding currency is stronger than ever, helping to push the greenback lower even in the face of bullish drivers such as the US tax overhaul and higher short-term bond yields. A buoyant global economy is encouraging borrowing in dollars by overseas corporations and governments, overwhelming the domestic forces, according to Morgan ...

Bloomberg Wells Fargo & Co. spent much of 2017 trying to dig out of several consumer banking scandals. By one measure, it’s making progress. Complaints lodged against the lender with the Consumer Financial Protection Bureau through Dec 15 dropped 18% from the same period of 2016, the steepest decline among major banks, federal figures show. Still, it remained first among ...