Bloomberg UniCredit SpA signaled a hit of about 200 basis points to its capital buffers in an “extreme scenario” in which its Russian banking assets are wiped out, joining European lenders detailing the potential fallout from the financial turmoil after the Ukraine invasion. The Milan-based bank doesn’t consider an extreme scenario — the entirety of its exposure to the ...

  Bloomberg Countries around the globe face a challenge in replacing supply of commodities from Russia and Ukraine that has been cut off by the war and should remove restraints to production, according to the World Bank chief. Nations could look at easing constraints such as the Jones Act in the US—which requires that ships moving between ports be built ...

  Bloomberg A group of banks led by UniCredit SpA is considering options including a state-backed guarantee for a 850 million euros bridge-loan for troubled Italian engineering firm Saipem SpA, according to people familiar with the matter. The team of banks, which includes Intesa Sanpaolo SpA, started discussing the option in a confidential meeting, the people said, asking not to ...