Credito Emiliano SpA, the largest Italian bank to use parmesan cheese as collateral for loans, expects revenue to exceed 1 billion euros ($1.4 billion) this year on higher income from fees.
VimpelCom Ltd., the phone company controlled by Russian billionaire Mikhail Fridman, obtained a $1.8 billion credit line from a group of 11 international banks.
Economists from a Canadian credit union and a German state-owned bank are delivering the best predictions in global foreign-exchange markets, while only one Wall Street firm ranks among the top 10.
Hungarian Prime Minister Viktor Orban, who polls show is on the verge of winning re-election, undercut the bond market rally in his first term by surprising traders with moves including the seizure of pension assets.
Etihad Airways PJSC is close to an agreement to become Alitalia SpA’s biggest investor after studying the Italian carrier’s books for the past weeks, people familiar with the matter said.
Intesa Sanpaolo SpA Chief Executive Officer Carlo Messina said Italy’s second-biggest bank is in talks to sell non-strategic assets as part of a four-year plan.
Andrej Kiska, a Slovak businessman- turned-philanthropist who foiled Prime Minister Robert Fico’s bid to be president, adds a new independent voice to balance the premier’s political ambitions.
European stocks advanced, extending a weekly gain, as a measure of euro-area economic confidence rose in March more than forecast and Italian banks rallied following a government-debt sale.
Intesa Sanpaolo SpA, Italy’s second-biggest bank, forecast a rebound in revenue at its investment-banking unit through targeting financial services and foreign clients.