Bloomberg The People’s Bank of China sold 20 billion yuan ($2.9 billion) of bills in its first issuance in Hong Kong on Wednesday, a move that could reduce the offshore yuan’s liquidity and support the Chinese currency. PBOC sold 10 billion yuan of three-month bills at 3.79 percent, according to a statement on the central bank’s website. It issued 10 ...

Bloomberg Spain’s largest banks soared in Madrid trading after the Supreme Court said they aren’t liable for mortgage stamp duty payments that could have imposed billions of euros in extra costs. The court reversed an earlier ruling that lenders should pay the tax, which had typically been passed on to customers, sparking fury across the Spanish political spectrum and prompting ...

Bloomberg Credit Agricole SA’s corporate banking and financing operations helped boost earnings at its investment bank for a second straight quarter, driving up the division’s revenue 5 percent. Analysts and investors will probably focus on the quality of the earnings and key metrics including bank’s improved financial strength and efforts on cost after net income and revenue came in near ...