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Santander doubles fintech bet with $200 million fund

  Bloomberg Ana Botin, the chairman of Banco Santander SA, is doubling the lender’s bet on fintech. Spain’s biggest bank said that it was boosting its investment in Santander InnoVentures, its London-based financial technology fund, to $200 million from $100 million. The fund takes minority stakes in promising startups, aiming to incorporate innovative technology in its banking operations. “A deeper ...

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Wells Fargo to buy new London headquarters for expansion

  Bloomberg Wells Fargo & Co. agreed to purchase a new London headquarters in a move that will enable the US bank to increase its presence in the UK capital. The building, known as 33 Central, is due to be completed in the third quarter of 2017, according to a statement on Monday from the developer, HB Reavis Group. The ...

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China home costs dip as cities enforce curbs

  Bloomberg China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices. New-home prices excluding government-subsidised housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said this week. Prices dropped in 10 cities, ...

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