Roula Khalaf, Editor of the FT, curates her top stories in the Unlock the Editor’s Digest, a free weekly newsletter. Banca Progetto, a Milan lender backed by Oaktree Capital Management, is under judicial administration for allegedly giving state-guaranteed loans to businesses linked to the ‘Ndrangheta mafia. The bank, founded in 2016, faces allegations of breaching anti-money laundering regulations and working with individuals involved in serious crimes, while its controlling stake has been sold to Centerbridge Partners amidst ongoing investigations.
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Sirius XM (SIRI) Q2 Revenue Rises 2%
Sirius XM (NASDAQ:SIRI) reported Q2 2025 earnings on July 31, revealing GAAP earnings per share of $0.57, missing expectations by $0.20 due to decreased net income and higher legal and restructuring costs. Despite showcasing strong free cash flow and innovation in content, profitability pressures persist; management remains optimistic about the full-year outlook amid challenging subscriber trends. Want More Context? 🔎
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