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Spain to pardon Catalans jailed over illegal referendum

Bloomberg Spanish Prime Minister Pedro Sanchez said he plans pardons for nine Catalan separatists who were jailed for their role in the illegal independence referendum of 2017. Speaking to an audience of civic leaders in the Catalan capital, Barcelona, Sanchez, 49, said he’ll recommend that his cabinet approves pardons when it meets on Tuesday. Sanchez is currently governing in a ...

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ECB to give banks $83 billion capital relief with extension

Bloomberg The European Central Bank (ECB) said it will grant lenders about 70 billion euros ($83 billion) of capital relief by extending a measure designed to help them keep supplying credit to the pandemic-struck economy. The ECB will allow lenders to continue to exclude deposits held at central banks when calculating their leverage ratio for nine months until the end ...

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HSBC aims to be leading Asia wealth manager in 5 years

Bloomberg HSBC Holdings is targeting to become the number one wealth manager in Asia in “roughly five years” as Europe’s largest bank shifts capital to tap clients in the increasingly affluent region, according to HSBC Pinnacle Venture Chief Executive Officer Trista Sun. “Household wealth in China has grown so rapidly, become the second largest globally,” Sun said in a Bloomberg ...

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