Bloomberg The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week. Citigroup Inc has no direct lending exposure to Evergrande, a spokeswoman said. JPMorgan Chase & Co and Bank of America Corp also have no such links. Bank of America has no …

Bloomberg Pressure is building for the municipal-bond market after a selloff in US Treasuries this week, according to Barclays Plc. Rates market volatility is one of the challenges facing state and local debt performance in the near-term, according to a September 24 note by strategists Mikhail Foux, Clare Pickering and Mayur Patel. Municipal bonds have posted losses this week but …

Bloomberg The Italian government and UniCredit SpA are making progress in talks on a deal for the takeover of troubled lender Banca Monte dei Paschi di Siena SpA and could sign a preliminary accord by the end of the year. The Rome-based Finance Ministry is working to meet UniCredit’s demands in a deal that may cost the state more than …