Bloomberg Italy’s rescue of troubled lender Banca Monte dei Paschi di Siena SpA will cost the government about 6.6 billion euros ($7 billion), the country’s central bank says, providing the first official estimate of public funding. About 4.6 billion euros are needed to meet capital requirements and 2 billion euros would be required to compensate the lender’s retail bondholders, …

  Bloomberg The code name chosen for Nomura Holdings Inc.’s latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at Japan’s largest brokerage. After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called “Waterline Project,” which will attempt to combat waste and improve the cost-effectiveness of the bank’s daily operations …

  Reuters India’s benchmark sovereign bonds are set to cap their best performance since the global financial crisis amid record debt purchases by banks, the biggest holders of government securities. Lenders gorged on debt this year as the central bank boosted cash availability in the financial system and deposits surged following the government’s recall of high-value currency notes. That, along …