Bloomberg Shares of Chinese banks and developers tumbled on Monday after regulators made an unprecedented move to cap loans for the real estate sector, the latest effort to snuff out systemic risks. The CSI 300 Financials Index dropped 1.2%, while the gauge of Shanghai-listed property developers falls 2.3% to the lowest in six months. Under new rules, the nation’s largest ...

Bloomberg Finland’s financial watchdog is trying to figure out how to respond after a lender it oversees explicitly disregarded European Central Bank’s (ECB) guidelines on shareholder rewards. The decision by Alandsbanken Abp, announced on January 1, to pay almost four times the dividend cap set by the ECB is “unfortunate,” Jyri Helenius, head of banking supervision at the Finnish Financial ...

Bloomberg Poland’s central bank moved to weaken the zloty for the first time in a decade, delivering on a warning that it won’t tolerate a stronger currency as the economy tries to recover from the Covid-19 pandemic. Sales by the bank helped push the zloty down by as much as 1.7% against the euro in low-volume trading. The step comes ...