Bloomberg Italy took the final steps to revive Banca Monte dei Paschi di Siena SpA, setting the price for its portion of the aid package needed to keep the world’s oldest bank in business. The government will pay 6.49 euros per share as part of the bank’s capital raising, according to a statement from the lender. Italy earlier this week ...

Bloomberg Mark Carney signaled in June that a Bank of England rate increase may be approaching. Economists doubt it is here just yet. The governor, overseeing an economy that slowed sharply in the first half, will lower growth projections for the next two years when he presents the central bank’s latest forecasts next week, according to economists. The inflation outlook ...

Bloomberg BNP Paribas SA is showing it’s still possible to build a big investment bank franchise from Europe. France’s largest lender outshone Germany’s Deutsche Bank AG and much of Wall Street for another quarter, posting a standout performance in equity derivatives to help drive better-than-expected profit. Among bright spots: Equity and prime services revenue jumped 26 percent amid surging demand ...