Bloomberg UniCredit SpA advanced its plan to boost capital, agreeing to sell 32.8 percent of Poland’s Bank Pekao SA to Insurer PZU SA and a Polish development fund for 10.6 billion zloty ($2.6 billion). The sale will lift UniCredit’s CET1 capital ratio 55 basis points above its Sept. 30 level, the Italian bank said in a statement on Thursday. ...

  Bloomberg Bank of America Corp. doubled the number of internal referrals that advisers in its Merrill Lynch wealth-management unit must make to avoid having their compensation cut. The brokers must refer at least two clients annually for banking services in other parts of the company starting in 2017, up from one, said Susan McCabe, a spokeswoman for the Charlotte, ...

  Rome / AFP The world’s oldest bank, Italy’s Monte dei Paschi di Siena (BMPS), asked the European Central Bank for more time to raise the cash it needs to avoid being wound down. BMPS said it was asking for the extension from the end of December to mid January because the political instability created by Prime Minister Matteo Renzi’s ...