Bloomberg Chinese authorities are facing an uphill battle convincing companies and households to boost borrowing as long as Covid outbreaks and lockdowns continue to crush confidence. After loan growth weakened in April to the worst level in almost five years, several indicators suggest the data for May won’t be much better. Housing sales have continued to slump, indicating a …

Bloomberg European Union (EU) countries are set to cut Russia’s largest lender Sberbank off the SWIFT international payments system, as the bloc readies a sixth package of sanctions against Russia for its invasion of Ukraine. The proposed restrictions also target Credit Bank of Moscow and the Russian Agricultural Bank, according to people familiar with the discussions. The EU, the US …

  Bloomberg Credit Suisse Group AG is in the early stages of considering its options to strengthen capital, Reuters reported, citing two people with knowledge of the matter. The size of the increase would likely exceed 1 billion Swiss francs, but this has not yet been determined, one of the people told Reuters. A sale of a unit, such as …