MILAN / REUTERS Italy has dubbed its new bank bailout fund Atlas, after the mythical Greek titan, because it is meant to hold up the sky above the nation’s lenders. But some of the fund’s own investors doubt that it can do the job. The 5-6 billion euro ($5.7-6.8 billion) fund was hailed by the government as an industry-led ...

  MADRID / REUTERS Spain’s Caixabank said on Monday it would launch a full takeover bid for the 56 percent of Portuguese lender Banco BPI that it does not already own for 1.113 euros ($1.26) per share. The offer was dependent on acceptance topping 50 percent and the Portuguese bank eliminating a 20 percent shareholder rights limitation, the Spanish bank ...

  REUTERS Arab National Bank, Saudi Arabia’s seventh-largest lender by assets value, reported a 2.8 percent fall in first-quarter profit, but still beat analysts’ forecasts. Net profit in the three months to March 31 was 749.2 million riyals ($199.8 million), compared to 770.6 million riyals in the corresponding period of the previous year, it said in a bourse statement. Four ...