Bloomberg The governor of the Bank of Italy urged caution on the nation’s populist government, warning of a negative market reaction and an “unsustainable” risk for the country’s massive debt, as the Five Star Movement pressed for a wider deficit in the 2019 budget. Ignazio Visco, speaking at a conference in Varenna, warned against an unproductive budget-deficit hike given Italy’s ...

Bloomberg Cryptocurrencies surged as optimism surrounding Ripple Labs Inc.’s plans for using a digital coin spread, lifting peers that have lost more than $600 billion of value since January. XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22 percent, taking its one-week increase to more than 75 percent. The Bloomberg Galaxy Crypto Index jumped 8.7 percent, ...

Bloomberg Whoever wins the very public scrap for control of Italy’s Banca Carige SpA, they won’t have much time to enjoy the victory. A new board proposed by top investor Vittorio Malacalza or one supporting current Chief Executive Officer Paolo Fiorentino will take leadership of a lender that has only weeks to satisfy urgent European Central Bank demands that it ...