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Italy mulls curfew, coronavirus relief

Bloomberg The Italian government is expected to approve further virus containment measures as soon as Sunday and is mulling additional economic support even as the threat of tighter restrictions prompts protests. New infections soared above 19,000 cases on October 23, just a day after Naples — Italy’s hardest-hit city — imposed a night-time curfew in a bid to contain spread ...

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SNB may have to sell some of its $100bn in US stocks

Bloomberg The Swiss National Bank (SNB) could be forced to sell a chunk of its more than $100 billion US stock portfolio as part of a campaign to ban it from investing in defense companies. A poll by gfs.bern for public broadcaster SRG showed 54% of voters in favour of the proposal, which goes to a national vote on November ...

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Wells Fargo weighs asset-manager sale

Bloomberg Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said the bank began discussing a possible deal with other asset managers and ...

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