Bloomberg Royal Bank of Canada (RBC) will buy solar power from BluEarth Renewables Inc. under a renewable-energy contract that’s a first of its kind for a Canadian financial firm. Canada’s largest bank and partner Bullfrog Power, a unit of Spark Power Group Inc., will each purchase 31,500 megawatt-hours a year — enough electricity for almost 2,600 homes — in an …

Bloomberg Bank Indonesia’s unprecedented move to buy about $27 billion in bonds directly from the government may prove to be an exception rather than the norm in emerging markets. With the world economy in crisis and Modern Monetary Theory gaining attention, governments are being pressured to spend more and turn to their central banks to print money to foot the …

Bloomberg Coutts & Co., the private UK bank that counts Queen Elizabeth II among its clients, has warned customers within the European Economic Area (EEA) that it can no longer offer them mortgages due to Brexit. The lender, owned by Natwest Group Plc, will lose so-called passporting rights that allow it to operate freely within the EEA if the current …