Bloomberg Ex-Commerzbank AG Chief Executive Officer (CEO) Martin Blessing is planning to raise funds for a special purpose acquisition company (SPAC) targeting deals in the European financial industry. Blessing has been speaking with potential partners about listing a blank-check company in Amsterdam. He’s seeking to raise about 300 million euros ($359 million), they said. Credit Suisse Group AG is advising on …

Bloomberg Shares of State Bank of India, the nation’s largest by assets, surged this week by the most in almost three decades, buoyed by plans to tackle bad debt and a profit that beat expectations. The Mumbai-based lender jumped 39.4% — most since March 1992 — to a record close of 393.10 rupees. Investors cheered the fact that higher provisions …

Bloomberg Bitcoin climbed towards $40,000 in a rally that helped the market value of digital tokens scale a new peak. The largest cryptocurrency rises as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000. The value of more than 6,000 tokens tracked by CoinGecko hit an unprecedented $1.22 trillion. The jump comes …