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Italian banks damaged by referendum result, says Fitch

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Plans by leading Italian banks to raise billions of euros from investors to boost their financial strength have been damaged by the outcome of Sunday’s referendum, a leading ratings agency said on Tuesday as it downgraded its outlook for the sector.

JPMorgan settles Pittsburgh lawsuit

Jamie Dimon

JPMorgan agreed to settle a Pittsburgh lender’s lawsuit after a judge ordered the bank to turn over the government’s draft complaint at the centre of its $13bn deal with regulators.

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Italian banks damaged by referendum result, says Fitch

Plans by leading Italian banks to raise billions of euros from investors to boost their financial strength have been damaged by the outcome of Sunday’s referendum, a leading ratings agency said on Tuesday as it downgraded its outlook for the sector.