Bloomberg European banks lobbying for special treatment on new capital rules are in for a disappointment. The European Banking Authority (EBA) said the bloc should stick closely to what was agreed at a global level when it implements new regulations in the region, according to a report. It specifically rebuffed suggestions from banks on how to tailor the rules to ...

Bloomberg The Swiss National Bank’s (SNB) holdings of US stocks touched a record $92.7 billion in the second quarter, benefiting from a rise in equity markets. The SNB’s US regulatory filing is one of the few glimpses into its vast investment portfolio, amassed as a consequence of its interventions to weaken the franc. It revealed stakes in 2,554 US companies, ...

Bloomberg Wells Fargo & Co. is getting into the burgeoning esports market, joining a funding round for Matcherino Inc., a provider of software and services for running competitive video-gaming tournaments. Wells Fargo Strategic Capital and technology investment firm Galaxy Digital are putting in $1.5mn for an undisclosed percentage of Matcherino, bringing the startup’s current funding round to more than $4.1mn, ...