Amundi SA, already Europe’s biggest fund manager, is on course to meet its self-imposed target of swelling assets under management by a net 50 billion euros ($57 billion) per year. Its cost-to-income ratio is best-in-class. And yet its shares dropped 6 percent on October 26 to their lowest level since March 2017. While asset growth decelerated in the third quarter ...

Mario Draghi has a fine line to walk at last week’s press conference after the meeting of the European Central Bank’s (ECB) governing council. Bond investors will be watching closely to see how the ECB president responds to questions about Italy, and if there’s anything to be gleaned about whether future policy might be good or bad for the country’s ...

At many banks, November 5 will be a scary day. That’s when broad US sanctions are set to be re-imposed on Iran, thereby placing new pressure on its struggling economy and increasing the regime’s desperation for hard currency. A crucial side effect of this effort has gotten too little attention: Iran will likely attempt to skirt these sanctions through cyber-enabled ...