Italy's Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks

The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.

Hyundai's Union Launches First Full-Day Strike in Decade

The daylong strike at the South Korean automaker, the first since 2016, followed months of failed wage negotiations and a series of partial walkouts.

Layoffs at JPMorgan Hit Highest Level Since 2015