After a decade of scandals and multiple bailouts, Banca Monte dei Paschi di Siena SpA is back in the spotlight. This time, the Italian government is shopping around the 1.5 billion-euro ($1.7 billion) lender ahead of a European Union deadline for Rome to exit the bank next year. Loaded with legal risks that dwarf its market value, any investor will ...

When the World Trade Organization (WTO) was created in the mid-1990s, the US Senate voted 76-24 to establish it. But it is now facing more opposition than ever, and from both parties. “The World Trade Organization has been not good for the United States,” President Donald Trump said in a mid-September press conference. “It’s been good for everybody else, but ...

Bloomberg The hedge fund Citadel Advisors, United Airlines and a Salvadoran air mogul are among investors offering loans as part of Latin American airline Avianca Holdings’s $2 billion bankruptcy financing plan, according to court documents. The companies, which were stakeholders in the carrier before it filed for Chapter 11 protection in May, would help provide about $722 million in loans. ...