Bloomberg Big banks still had 810 billion euros ($970 billion) of capital markets-related assets to move from the UK to the European Union at the end of September, underlining the extent of the moves ahead as they adjust to operating after Brexit. International banks have agreed to shift a total of about 1.2 trillion euros of assets to European units, …

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 …