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Italian Bank Stocks Fall on Windfall Tax Plan

The UniCredit Tower in Milan. The bank, which could face a windfall tax, has been reporting record earnings. (Gabriel Bouys/Agence France-Presse/Getty Images)…

The Super League Thought It Had a Silent Partner: FIFA

The Super League Thought It Had a Silent Partner: FIFA Publicly, soccer’s global governing body criticized a breakaway European Super League. Privately, it had held talks for months with the founders about endorsing the competition. Top aides to FIFA’s president, Gianni Infantino, met with Super League organizers as recently as January.Credit.Juan Carlos Ulate/Reuters May 20, 2021Updated 8:08 a.m. ET Tucked away in the pages and pages of financial and legal jargon that constitute the founding contract of the Super League, the failed project that last month briefly threatened the century-old structures and economics of European soccer, were references to one “essential” requirement.

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