California’s counting on an IPO tax windfall. Several factors are complicating the equation

California’s counting on an IPO tax windfall. Several factors are complicating the equation

The iconic Golden Gate Bridge and the stunning San Francisco skyline as seen from the Marin Headlands during the vibrant spring season. Dan Kurtzman | Moment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive…

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UniCredit builds stake in Generali, further complicating fight for Italian financial sector

UniCredit builds stake in Generali, further complicating fight for Italian financial sector

Shorouk Express The government is keen to ensure that Generali, which last month agreed to combine its asset management business with that of France-based Natixis, keeps its appetite for Italian sovereign debt at a time when Rome needs to borrow nearly €1 billion a day. The Trieste-based conglomerate is the government’s largest private-sector creditor. Rome…

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