DPA A bridge reflected in the water below. A young man standing on a rocky ledge. Maximilian Muench took both photos. He published them on his Instagram page. What’s not to like there? At first glance they might look like ambitious holiday snaps, but in fact Muench was paid for them by the government of a German state, Saxony, …

  Bloomberg China’s central bank said it provided a “temporary liquidity facility” to some major commercial banks for 28 days to help ease a cash crunch before the Lunar New Year holiday. The operation provides more effective liquidity transmission before the week-long break, the People’s Bank of China said in a statement. The PBOC said the new lending facility will …

  Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, is set to pick Frankfurt as its base to maintain access to the European Union’s single market following Brexit, according to a person with knowledge of the matter. The UK bank will choose to convert its German branch into a subsidiary and plans to apply for an extension to its …