Italy’s audit court has given its green light to a decree offering state guarantees for a 6.3-billion euro (US$7.12 billion) loan for Fiat Chrysler’s Italian Unit, a source said, paving the way for the largest crisis loan to a European carmaker.
The Swiss bank’s shares rose following the government’ announcement of its too-big-to-fail rules, probably because investors anticipate the final settlement will be...