Bloomberg Ex-Commerzbank AG Chief Executive Officer (CEO) Martin Blessing is planning to raise funds for a special purpose acquisition company (SPAC) targeting deals in the European financial industry. Blessing has been speaking with potential partners about listing a blank-check company in Amsterdam. He’s seeking to raise about 300 million euros ($359 million), they said. Credit Suisse Group AG is advising on ...

Bloomberg Shares of State Bank of India, the nation’s largest by assets, surged this week by the most in almost three decades, buoyed by plans to tackle bad debt and a profit that beat expectations. The Mumbai-based lender jumped 39.4% — most since March 1992 — to a record close of 393.10 rupees. Investors cheered the fact that higher provisions ...

Bloomberg Bitcoin climbed towards $40,000 in a rally that helped the market value of digital tokens scale a new peak. The largest cryptocurrency rises as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000. The value of more than 6,000 tokens tracked by CoinGecko hit an unprecedented $1.22 trillion. The jump comes ...