Bloomberg China’s regulators will impose caps on banks’ lending to the real estate sector for the first time, in their latest efforts to prevent systematic risks after a series of property curbs in recent years did little to damp buyer enthusiasm. Under the new mechanism, loans to developers will be capped at 40% for the nation’s largest state-owned lenders while ...

Bloomberg Commerzbank AG will set aside 610 million euros ($745 million) in the fourth quarter to cover restructuring costs after reaching an agreement with the works council on planned job cuts. The amount will cover the elimination of 2,300 positions between 2021 and 2024, part of a restructuring plan announced last year, according to a statement from the bank. Commerzbank ...

Bloomberg Bank of Montreal’s (BMO) capital-markets division grabbed the top spot for Canadian equity sales in 2020, leading the ranking for the first time in a decade as the coronavirus pandemic pushed companies to stockpile cash. BMO Capital Markets advised on 52 equity and equity-linked issues with a total value of C$3.76 billion ($2.95 billion). Overall, Canada saw 488 issues ...