Bloomberg Royal Bank of Canada (RBC) is using the coronavirus pandemic to seize a large portfolio of assets at rock-bottom prices, a New York real estate investment trust (REIT) claims. In a suit in federal court in Manhattan, a subsidiary of AG Mortgage Investment Trust Inc. said it received March 23 margin calls from Canada’s largest lender. According to the …

Bloomberg China set its daily reference rate for the yuan at a stronger-than-expected level, with the central bank perhaps signaling efforts to support the currency following recent weakness. The PBOC put the fixing at 7.0692 yuan per dollar, 105 basis points stronger than the average forecast of analysts surveyed by Bloomberg. The spread is the most since February 3, the …

Bloomberg IndusInd Bank Ltd., backed by the billionaire Hinduja brothers, surged the most on record, as investors poured into the stock after its founders said they are repaying a loan backed by shares of the lender. The shares jumped as much as 50%, the sharpest since the bank’s stock started trading in 1998, to 451.95 rupees in Mumbai. The rally …