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PBOC seeks to raise supply of short-term funding to banks

Bloomberg The People’s Bank of China is acting to increase the supply of short-term funding to banks after the seizure of a regional lender rattled domestic markets. China’s central bank injected a net amount of 150 billion yuan ($21.7 billion) through open-market operations, the most since the week ended March 8. Regulators announced that they will take control of Baoshang ...

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Italy seeks ECB board seat for infrastructure investment push

Bloomberg Italy will seek a seat on the European Central Bank’s Executive Board and use it to push the institution to buy bonds to fund infrastructure projects, according to a senior lawmaker in the coalition government. European Union leaders are preparing to start negotiations over the next suite of top policy positions including a replacement for ECB President Mario Draghi. ...

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Deutsche Bank considering capital increase as option for wider overhaul

Bloomberg Deutsche Bank AG is considering options including a capital increase as part of a wider overhaul it plans to unveil in the next two months, people with knowledge of the matter said. Tapping investors for fresh cash is the least favoured option because management is aware that it could trigger a backlash in light of Deutsche Bank’s low stock ...

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