Bloomberg Global banks are losing share in the $186 billion lending market for Chinese borrowers offshore, falling behind local rivals boosting their presence just as the nation’s corporate sector recovers from the pandemic. Their portion of such lending has steadily dropped over the past decade, hitting 37% so far this year to May 17, well below the 11-year average of …

Bloomberg Wells Fargo & Co, the fourth-largest US bank, is rolling out an initiative to bring more people into the banking system. The firm said it will increase access to affordable products, expand financial-education offerings and launch a National Unbanked Advisory Task Force. Wells Fargo also will set a 10-year goal for reducing the number of people who are unbanked, …

Bloomberg The euro-area faces elevated risks to financial stability as it emerges from the pandemic with high debt burdens and “remarkable exuberance” in markets as bond yields rise, according to the European Central Bank (ECB). The language, echoing former Federal Reserve Chairman Alan Greenspan’s description of the dot-com bubble in the 1990s as “irrational exuberance,” highlights mounting concerns that the …