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Germany’s Solarisbank sets break-even goal next year

Bloomberg Berlin-based Solarisbank AG wants to reach a break-even on a monthly basis by the end of next year, CEO Roland Folz said in an interview with Bloomberg News. “Until then, we do not plan any further rounds of financing to keep all options open for our shareholders, including a profitable ‘keep it up’, additional investments or also an IPO,” ...

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Wells Fargo bans crypto purchases on credit cards

Bloomberg Wells Fargo & Co. customers hoping to use their credit cards to buy Bitcoin will have to look elsewhere. While putting a prohibition on such cryptocurrency purchases for now, Wells Fargo “will continue to evaluate the issue as the market evolves,” Shelley Miller, a spokeswoman, said in an emailed statement. Wells Fargo joins Citigroup Inc., JPMorgan Chase & Co. ...

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US unit among most challenging parts of new $17 billion strategy, says HSBC

Bloomberg Fixing HSBC Holdings Plc’s troubled US division will be one of the toughest parts of the lender’s new $17 billion strategy, Chief Executive Officer John Flint said. “Of all the things we have to execute on in the next three years, this is one of the most challenging pieces,” Flint said on a call with reporters. “We’ve struggled with ...

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