Bloomberg The movie star turned mayor of Manila declared his candidacy for the Philippine presidency in next year’s elections, posing the biggest challenge to President Rodrigo Duterte’s plans to extend his hold on power. Isko Moreno, 46, said he will soon unveil his platform, but pledged to expand his pandemic response and projects for the poor in the capital on ...

Bloomberg US Bancorp agreed to buy Mitsubishi UFJ Financial Group’s US regional bank for about $8 billion, expanding on the West Coast as consolidation in the finance industry intensifies. The price for MUFG Union Bank NA includes $5.5 billion in cash and about 44 million shares of US Bancorp common stock, according to a statement. The agreement excludes MUFG Union ...

Bloomberg Handelsbanken AB, Sweden’s third-largest bank, plans to distribute a stake worth about $1 billion in investment company Industrivarden AB to shareholders. “As a result of the bank’s good capital situation, the board of directors of Handelsbanken has resolved to convene an extraordinary general meeting and propose an extra dividend,” the company said in a statement. The bank’s capitalisation is ...