Bloomberg HSBC Holdings Plc became the first foreign bank to win permission for a majority-owned securities joint venture in China, a structure some of its competitors have unsuccessfully lobbied to secure for several years. The London-based firm received approval to invest 918 million yuan ($135 million) for 51 percent of a venture with Qianhai Financial Holdings Co., the China Securities ...

Bloomberg Credit Suisse Group AG, which helped arrange the majority of the $2 billion in Mozambique state-backed loans that plunged the country’s economy into crisis, disputed that it received more than $160 million in fees for arranging the financing. The bank was responding to Kroll LLC’s audit report into the loans that said it and Russia’s VTB Bank PJSC were ...

Bloomberg The Dutch state will sell an additional 7 percent of ABN Amro Group NV, a stake worth about $1.7 billion at current prices, taking advantage of steady demand for European bank stocks as it progresses toward full privatization. About 65 million shares will be sold in an accelerated bookbuild, bringing the government’s controlling stake down to 63 percent, NLFI, ...