Bloomberg For the last eight months, an urgent question has been echoing through the halls of power in Rome, Brussels and Frankfurt: What’s to be done about Italy’s banks? Saddled with some 360 billion euros (US$400 billion) in soured loans and a sputtering economy, Italy’s lenders have been sliding toward the type of crisis that other European countries dealt …

  BLOOMBERG A week after Britain began voting to leave the European Union, global markets are still being dominated by the consequences. There are signs the tension is easing: The pound held steady after former London Mayor Boris Johnson said he won’t run to succeed David Cameron as U.K. Conservative Party leader, offering the chance of a smoother transition of …

  Bloomberg Mergers and acquisitions involving Canadian firms slid in the second quarter as market volatility, the U.S. election and the U.K.’s Brexit vote disrupted dealmaking, which reached a nine-year high of nearly $123 billion in the first half of the year. Deals involving Canadian firms were struck in a broad range of industries, including industrials, consumer, and in infrastructure …