Bloomberg Banca Carige SpA reached agreement with a group of banks to underwrite a share sale of about 500 million euros ($590 million) after key investors pledged their support, allowing the lender to proceed with its restructuring plan. Malacalza Investimenti, Carige’s main investor, agreed to buy 17.6 percent of the stock, while the second-biggest shareholder Gabriele Volpi agreed to oversubscribe ...

Bloomberg Traders were unimpressed with the Turkish central bank’s latest attempt to support the lira, which is wobbling amid concern about the fallout from a US court case, tension with NATO, and President Recep Tayyip Erdogan’s new calls for lower interest rates. While the lira jumped as much as 1.4 percent in thin Asia trading to touch a high of ...

Bloomberg It’s taken longer than expected, but total bank lending in Brazil is primed to bounce back from its recession-induced slump. Even as the country heads into an uncertain election, the banking industry’s credit prospects in 2018 are bright, according to Banco Bradesco SA Chairman and Chief Executive Officer Luiz Carlos Trabuco Cappi. That is, as long as the economy ...