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EU backs Monte Paschi capital hike plans

European Union

Plans by Italian lender Banca Monte dei Paschi di Siena (BMPS) to raise over double its planned capital increase under a new bailout program have won the support of the European Union's antitrust regulator.

Microsoft urged to put Mulally, Lawrie on CEO shortlist

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At least three of the top 20 investors in Microsoft want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant's board to consider Ford Motor CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the job, several sources familiar with the matter said.

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Commerzbank CEO won't extend contract

Martin Blessing, who led Commerzbank for seven years, won’t extend his contract when it expires in 2016, becoming the latest CEO to join an unprecedented wave of management changes at Europe’s banks.

Bank of America

Bank of America traders didn't lose money

Bank of America traders posted trading revenue on every business day of the third quarter, the first three-month period without a daily loss since the start of 2014, even as total trading revenue declined.