Bank of America Corp. (BofA) didn’t sugarcoat the path forward for investors when describing its first-quarter results. Yes, the bank generated a record profit, thanks to net interest income (NII) at its consumer unit. But Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio didn’t hide the fact that the pace of growth in NII was bound to ...

I hope T-mobile didn’t already order a bunch of magenta T-shirts to hand out to the Sprint team. Their merger may be a no-go. The Justice Department told T-Mobile US Inc. and Sprint Corp. earlier this month that it’s unlikely to approve their deal as it’s currently structured, according to a Wall Street Journal report. It’s especially bad news for ...

We all know Italy’s next crisis is coming, it’s merely a question of when. The country’s budget deficit is slipping out of control and Brussels will at some point have to address the increasingly likely breach of its fiscal rules (even if the EU is turning a blind eye while this month’s European parliamentary elections are taking place). The bond ...