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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Why Did Micron Stock Drop Today?
Shares of Micron Technology (NASDAQ: MU) fell 5.2% on Thursday morning, primarily due to issues attributed to Samsung, rather than any specific actions by Micron itself. The decline highlights the interconnected nature of the semiconductor industry and how external factors can significantly impact stock performance. Want More Context? 🔎
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