Bloomberg HSBC Holdings Plc’s unit in Canada is considering its first euro-denominated covered bond as it expands a market pioneered in the 18th century that 300 years later has the distinction of surviving an economic meltdown relatively unscathed. The lender is weighing up Europe, the largest market for covered bonds, for a deal as soon as next year, according to …

Bloomberg Societe Generale SA (SocGen) plans to cut 640 jobs in France, mainly at its investment-banking operations, as part of a broader cost savings plan. Part of the reduction relates to SocGen’s decision to stop trading in some of its risker structured products, the bank said in a statement on Monday. The securities business as well as compliance and risk …

Bloomberg Global equities rallied to a record high amid optimism about the outlook under a Joe Biden presidency. The dollar extended declines. Last week’s embrace of risk continued on Monday after Biden was declared the winner of the US election over the weekend. S&P 500 futures rise about 1.5%, building on the strongest week since April for the benchmark, as …