Bloomberg For proof that taking on political risk is a winning formula in Europe this year, look no further than Pimco’s wager on Spanish unity. The California fund manager has amassed the largest position of Catalonia’s $6 billion of junk-rated debt, undeterred by a raucous independence movement and a snap election next month that may produce another victory for separatist ...

Abu Dhabi / Emirates Business Trade Bank of Iraq (TBI) has opened a representative office in Abu Dhabi, making it the only Iraqi Trade Finance bank to have a presence in the UAE. The wholly government owned bank, which holds 80% market share in Iraq, has established its first international office at Abu Dhabi Global Market on Al Maryah Island. ...

Bloomberg Not all bankers need to fear the march of the robots. Nordea Bank AB, which last month said it will need to cut 6,000 jobs as part of a process to become a more digital firm, is now offering some insight into who’s likely to be hardest hit. Ewan MacLeod, Nordea’s chief digital officer, says customers should expect to ...