BLOOMBERG Caixa Economica Federal, Brazil’s second-largest bank, is returning to the asset-backed security market after two years to take advantage of investors’ rising appetite for risk. Caixa plans to raise as much as 4 billion reais (US$1.2billion) of such securities for the FIDC fund it manages, the Brasilia-based company said in a regulatory filing last month. Proceeds will be …

  BLOOMBERG China’s central bank drained the most funds from the financial system in four months, mopping up liquidity added over the last three weeks, even as economists predicted monetary easing to limit the fallout from last month’s Brexit vote. The People’s Bank of China withdrew a net 645 billion yuan (US$96 billion) from the financial system in the past …

  Bloomberg Europe’s banks have been a focal point of investor skittishness since Britons voted to leave the European Union, but reasons to be worried about financial firms pre-date the referendum. Whether it be the mountain of non-performing loans, the challenge from fintech firms and alternative lenders encroaching on what was once their turf, or rock bottom interest rates eroding …