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Bloomberg Italy’s populist leaders are focussing on how to shield the nation’s banks in case market pressure worsens amid a standoff with the European Union over the government’s budget plan. Premier Giuseppe Conte asked government entities to prepare options to help the lenders if the decline in the value of their holdings of government debt requires them to recapitalise, Corriere …

Bloomberg HSBC Holdings Plc Chief Executive Officer John Flint delivered the kind of growth that investors have been waiting for. Flint, who took over this year, succeeded in posting third-quarter revenue gains that outpaced expenses: adjusted rev- enue climbed 9 percent while costs increased 2 percent. The shares in Hong Kong jumped after falling close to a two-year low last …

Bloomberg Big regional US banks such as US Bancorp, Capital One Financial Corp. and PNC Financial Services Group Inc. are about to get more relief from regulators appointed by President Donald Trump. The Federal Reserve and other agencies — responding to legislation that’s meant to soften rules for smaller lenders — are set to propose this week that a series …

Bloomberg Germany’s oldest lender is lender trying some new ideas. Hamburg-based Joh Berenberg Gossler & Company KG will abandon its dual-leadership structure in German wealth management, the unit’s new sole head Dirk Wehmhoener told Bloomberg in an interview. In order to increase assets under management, he intends to interlink wealth management more closely with investment banking. Acquisitions, however, are not …

Bloomberg Indian lenders are being punished for their exposure to a shadow lender as the government fails to make good on its promise to halt defaults by the distressed financier. IndusInd Bank Ltd has lost more than $1.9 billion of market value since it announced quarterly earnings as net income growth missed expectations and provisions for doubtful loans shot up. …

Bloomberg A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three years. Flight JT610, an almost brand new 737 Max 8, took off from the capital Jakarta at 6:20 am local time on Monday …

Bloomberg HNA Group Co. is in talks to sell a fleet of private jets, including a $70,000-an-hour retrofitted Boeing 787 and some planes reserved for its leaders, as the debt-laden Chinese conglomerate continues to grapple with liquidity challenges, according to people familiar with the matter. HNA is offering to sell dozens of private jets operated by subsidiary Deer Jet Co. …

Bloomberg Cathay Pacific Airways Ltd. has enlisted a company that was itself once caught up in a hacking scandal to help deal with the fallout of a data breach that affected more than 9 million passengers. Asia’s biggest international carrier is offering customers hit by the hack — which saw passport details to emails illegally accessed — the option to …

Bloomberg Warehouse clubs, purveyors of off-price denim and massive tubs of mayonnaise, aren’t usually on the cutting edge of retail. Walmart Inc.’s Sam’s Club wants to prove otherwise. The retailer is opening a test store in Dallas called Sam’s Club Now, where shoppers will make all their purchases on their smartphones, which they’ll also use to build shopping lists and …

Bloomberg Amazon.com Inc. issued a disappointing revenue and profit forecast for the busy holiday quarter, suggesting sales growth is slowing for the e-commerce giant while higher pay for warehouse workers could hurt the bottom line. Revenue will be $66.5 billion to $72.5 billion in the current period, the Seattle-based company said in a statement, falling short of analysts’ average estimate …