Bloomberg President Joe Biden is looking to build on a denuclearisation agreement Donald Trump reached with North Korea, a move likely to be welcomed by South Korea, which has seen it as a starting point for disarmament discussions. Kurt Campbell, Biden’s Asia coordinator, made the administration’s first on-record comments that it would accede to the agreement struck in 2018 between ...

Bloomberg Global banks are losing share in the $186 billion lending market for Chinese borrowers offshore, falling behind local rivals boosting their presence just as the nation’s corporate sector recovers from the pandemic. Their portion of such lending has steadily dropped over the past decade, hitting 37% so far this year to May 17, well below the 11-year average of ...

Bloomberg Wells Fargo & Co, the fourth-largest US bank, is rolling out an initiative to bring more people into the banking system. The firm said it will increase access to affordable products, expand financial-education offerings and launch a National Unbanked Advisory Task Force. Wells Fargo also will set a 10-year goal for reducing the number of people who are unbanked, ...