Bloomberg Banco de Sabadell SA is exploring a sale of its payments business, according to people familiar with the matter. The Spanish banking group is working with an adviser on the potential disposal, which could fetch between 250 million euros and 350 million euros. The payments business handles the processing of transactions made with credit and debit cards. Any ...

  Bloomberg The People’s Bank of China (PBOC) reiterated it will encourage banks to expand lending to meet demand and bolster a slowing economy. The central bank will “keep liquidity reasonably ample, guide financial institutions to effectively expand loan extension, and make the overall credit growth more stable,” it said in the quarterly monetary policy published Friday. The PBOC will avoid ...

  Bloomberg Poland increased borrowing costs for a fifth consecutive month to an almost nine-year high as pressure grows on the central bank to tame record inflation in eastern Europe’s largest economy. The council that sets interest rates lifted the benchmark 50 basis points to 2.75%, in line with the median estimate of 32 economists in a Bloomberg survey. The ...