• Municipal finance

    Which councils will go bust next?

    Municipal Finance

    UK councils are at the front line of the pandemic, but financial mismanagement is adding to their woes. Risky Finance has compiled a list of English authorities mostly likely to be on the receiving end of a government bailout.

  • Non financial

    Italian derivatives opera


    Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country's other sovereign counterparties.