Bloomberg Australia’s government sold its biggest-ever bond, raising A$7.6 billion ($5.8 billion) in a debut offering of 30-year securities. Yields on benchmark 10-year debt jumped to the highest since June. “The eventual size was slightly larger than we expected, but does show good demand,” said Roger Bridges, chief global strategist for rates and currencies at Nikko Asset Management’s Australia ...

Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, will eliminate about 1,340 jobs as part of a cost-cutting program that started in October 2014, according to a labor union. The move is part of a plan to pare about 12,000 roles by 2017, the Accord labor union, which represents the bank’s employees, said in a statement Wednesday. The job ...

  Bloomberg Wells Fargo & Co. combined corporate payments and some consumer-banking operations with the technology-innovations group, creating a unit run by the former leader of consumer lending, Avid Modjtabai. As head of the Payments, Virtual Solutions and Innovation unit, Modjtabai will report to Chief Operating Officer Tim Sloan, according to a statement Monday from the San Francisco-based bank that ...