Bloomberg Rollo Roscow has maxed out his holdings of Sberbank PJSC, the Russian lender that has surged as much 119 percent from late January. If he had his way, he’d probably buy more. The advance in the London-traded stock comes after a 46 percent rally in 2015 and has been driven by a rebound in oil prices and a …

  BLOOMBERG Bank of East Asia (BEA) Ltd. shares dropped the most in two weeks in Hong Kong after Elliott Management started legal action alleging that the family-run lender acted improperly when issuing stock, which it says diluted minority investors and entrenched management control. The stock sank as much as 2.8 percent on Tuesday, the biggest intraday slide since July …

  Frankfurt / AFP Europe’s financial sector is showing further signs of mending and banks are increasingly competing for custom by easing credit standards, a key European Central Bank survey showed on Tuesday. The ECB said its quarterly bank lending survey (BLS) showed banks are easing credit standards for loans to companies. However, this is an encouraging sign, since the …

  Bloomberg Ana Botin, the chairman of Banco Santander SA, is doubling the lender’s bet on fintech. Spain’s biggest bank said that it was boosting its investment in Santander InnoVentures, its London-based financial technology fund, to $200 million from $100 million. The fund takes minority stakes in promising startups, aiming to incorporate innovative technology in its banking operations. “A deeper …

  Bloomberg Wells Fargo & Co. agreed to purchase a new London headquarters in a move that will enable the US bank to increase its presence in the UK capital. The building, known as 33 Central, is due to be completed in the third quarter of 2017, according to a statement on Monday from the developer, HB Reavis Group. The …

  Bloomberg China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices. New-home prices excluding government-subsidised housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said this week. Prices dropped in 10 cities, …

  Bloomberg London’s seven-year housing boom may be about to end after the UK voted to leave the European Union. “While in recent stress tests, the major UK banks were assessed with declines of around 30 percent in commercial real estate prices, we fear that London residential could experience an even more severe downturn,” Societe Generale analysts including Marc Mozzi …

  Bloomberg China largest residential real estate developer Vanke Co.’s shares have fallen below the level that JPMorgan Chase & Co. analysts said might trigger a liquidity squeeze at funds managed by its largest shareholder, Baoneng Group. The Shenzhen-traded Vanke shares have tumbled almost 30 percent after they resumed trading on July 4 following a six-month halt. The shares fell …

  Bloomberg It used to be that you had to traverse the Indian or South Pacific ocean to sleep in a thatched-roof, overwater bungalow — the epitome of luxury accommodations. With ladders that descend straight into turquoise waters, four-poster beds with gauzy mosquito netting, and private plunge pools, they’re the stuff of honeymoon dreams. Now you can get the floating …

Bloomberg Confidence among US homebuilders declined in July from a five-month high, showing the construction industry remains in a slow, if unspectacular, recovery as the busiest part of the selling season comes to a close, according to data this week from the National Association of Home Builders (NAHB) / Wells Fargo. Key points Builder sentiment gauge declined to 59 from …