Bloomberg Italian officials and bank executives agreed to create a multibillion-euro fund to help troubled lenders raise capital and offload bad loans, as the nation tries to assuage investor jitters. The new vehicle will be named Atlante, private fund manager Quaestio Capital Management SGR said late Monday. It will be financed by banks, insurers and institutional investors including Cassa Depositi ...

Bloomberg The European Central Bank is studying the mechanics of scrapping the euro area’s largest denomination note, though it hasn’t yet made a decision. President Mario Draghi said in February that policy makers are examining the controversial 500-euro ($571) bill amid concern it aids criminal activity and terrorist financing. Doris Schneeberger, head of the currency management division at the Frankfurt-based ...

Bloomberg The Bank of Japan is reducing the share of funds financial institutions keep at the BOJ that will be subject to the new negative interest rate policy. Enacting a technical adjustment that the central bank indicated was a possibility when it unveiled the new policy in January, the BOJ enlarged the share of new current-account funds that will be ...