Bloomberg China’s finance sector should open up further to support the “dual circulation” economic strategy and mitigate risks in the industry, a central bank official said. More liberalisation in the financial sector would provide extra support to the real economy, according to Liu Guiping, vice governor of the People’s Bank of China (PBOC). He was speaking at a forum organised …

Bloomberg Banco Bilbao Vizcaya Argentaria (BBVA) SA and Banco de Sabadell SA ended short-lived takeover talks in a disagreement over the price, setting back consolidation in a banking market hit hard by the Covid-19 pandemic. Discussions about a purchase of Sabadell by BBVA to create the second-largest domestic lender in Spain collapsed after the two sides couldn’t agree on the …

Bloomberg In a record-breaking month that added $1.7 trillion to European equities, none rallied as hard as unloved bargain stocks. The Stoxx Europe 600 Index has surged 15% in November, on track to overtake the previous record set in April 2009 in the aftermath of the global financial crisis. Now, like then, value and cyclical sectors such as banks, insurance …