chronic stress

WisdomTree has brought to NYSE Arca an exchange-traded fund that buys stocks of companies that do business primarily through online platforms or marketplaces. The companies can be based anywhere, but all shares purchased by the WisdomTree Modern Tech Platforms Fund must be traded on a US or European exchange. ETF (22 May.)

The European Central Bank wants Banca Carige closed, rather than rescued by Italy, if a buyer cannot be found, sources say. The Italian government has rejected the option and has not ruled out a precautionary recapitalization. Reuters (22 May.)

Investors are concerned a lack of detail concerning compliant indexes in the European Securities and Markets Authority's public register of benchmark administrators will make compliance with benchmark rules difficult. Risk (subscription required) (23 May.)