Milan / AFP Italian bank Intesa Sanpaolo reported earnings ahead of market expectations as bad loan risks on its books diminished. Net profit fell 24.2 percent in the first quarter to 806 million euros ($920.4 million), which compares with forecasts by analysts of around 708 million. Operating profit dropped on the back of falling interest income and earnings from ...

  MILAN / AP-BLOOMBERG Italian prosecutors are investigating top former Deutsche Bank management on suspicion of market manipulation related to the sale of €7 billion of Italian government bonds in 2011. News agency ANSA reported that financial police have taken depositions and seized documents in Deutsche Bank’s Italian headquarters in Milan in recent days. Deutsche Bank, based in Frankfurt, Germany, ...

  Bloomberg The Belarusian central bank warned that the financial industry is under increasing strain from a buildup in overdue loans as company profits suffer during an economic contraction. “We are facing an accelerated manifestation of accumulated credit risks,” central bank Chairman Pavel Kallaur said at a news conference in the capital, Minsk. “The difficult situation in the real sector ...