Bloomberg Starling Bank Ltd. is weighing plans for a fresh funding round that could value the UK challenger at around 2.5 billion pounds ($3.4 billion). The digital lender is considering raising money from its existing backers, which include Goldman Sachs Group Inc., the people said, asking not to be identified because the information is private. London-based Starling is bidding ...

  Bloomberg Banco de Sabadell SA is exploring a sale of its payments business, according to people familiar with the matter. The Spanish banking group is working with an adviser on the potential disposal, which could fetch between 250 million euros and 350 million euros. The payments business handles the processing of transactions made with credit and debit cards. Any ...

  Bloomberg The People’s Bank of China (PBOC) reiterated it will encourage banks to expand lending to meet demand and bolster a slowing economy. The central bank will “keep liquidity reasonably ample, guide financial institutions to effectively expand loan extension, and make the overall credit growth more stable,” it said in the quarterly monetary policy published Friday. The PBOC will avoid ...