Bloomberg Unicaja Banco SA raised about 688 million euros ($783 million) in an initial public offering that turned into a test of confidence in Spanish banks after this month’s demise of a larger lender. Unicaja, based in the southern city of Malaga, priced the sale of 40.3 percent of its equity at 1.10 euros per share, the low end of …

Bloomberg HSBC Holdings Plc became the first foreign bank to win permission for a majority-owned securities joint venture in China, a structure some of its competitors have unsuccessfully lobbied to secure for several years. The London-based firm received approval to invest 918 million yuan ($135 million) for 51 percent of a venture with Qianhai Financial Holdings Co., the China Securities …

Bloomberg Credit Suisse Group AG, which helped arrange the majority of the $2 billion in Mozambique state-backed loans that plunged the country’s economy into crisis, disputed that it received more than $160 million in fees for arranging the financing. The bank was responding to Kroll LLC’s audit report into the loans that said it and Russia’s VTB Bank PJSC were …