Bloomberg The entire wealth and asset management business of Nordea Bank Abp — which currently oversees about $425 billion — may exclude all investments that aren’t deemed sustainable in as little as half a decade. The unit is already “very close” to that goal, and will probably be “100% ESG” in “5 to 10 years,” Frank Vang-Jensen, Nordea’s chief executive, ...

Bloomberg Wells Fargo & Co. made equity investments in six black-owned banks as part of a broader $50 million pledge to support minority-focused lenders. The San Francisco-based bank will assign dedicated teams to provide the lenders with financial, technology or product expertise, it said in a statement. Wells Fargo didn’t disclose the amounts of each investment. The lenders are: Broadway ...

Bloomberg Global stocks pushed forward on an eight-day winning streak on the heels of positive corporate news, improving virus trends and US stimulus plans. The MSCI World Index gained 0.2%, the longest advance since November. French investment bank Natixis SA surged 8% after financial group BPCE SA offered to buy out minority shareholders. Tencent Holdings Ltd. drove strong gains in ...