LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.
MILAN Veteran Italian banker Corrado Passera is presenting to the board of Monte dei Paschi an alternative rescue plan which is backed by some U.S. private equity funds and sponsored by Swiss bank UBS , a source close to the matter said.
WASHINGTON U.S. auto safety regulators said on Friday they were extending oversight of Fiat Chrysler Automobiles NV for an additional year, requiring the Italian-American automaker to submit to monthly meetings and early disclosures of potential vehicle issues.
MILAN Italy's third-biggest lender, Monte dei Paschi di Siena , has received a last-minute rescue proposal by Swiss bank UBS , just hours before it is due to unveil its own bailout plan to meet regulators' concerns over its stability.
MILAN/PARIS The spat between Italy's Mediaset and media group Vivendi over a change of heart by the French broadcaster on its planned purchase of Mediaset's pay-TV, escalated on Thursday as both threatened legal action.
ROME Italy launched an internet, TV and radio campaign on Thursday to discourage Africans from setting out on the often deadly voyage to Europe, including real migrants telling their often harrowing stories.
LONDON/MILAN Italy's third-largest lender, Monte dei Paschi di Siena , has asked at least eight investment banks to guarantee a 5 billion euro (£4.2 billion) cash call as it races to ease regulatory concerns over its stability, a source said.
LONDON/MILAN Italy's Monte dei Paschi is once again expected to be among the banks that fare worst in EU stress tests, a concern for investors across Europe who fear its frail finances could destabilise the region's banking system.
ROME Ex-Prime Minister Silvio Berlusconi has anointed Stefano Parisi, a former Internet executive and government economic adviser, as his political heir, giving him a mandate to relaunch Italy's splintered centre-right.
ROME Pressure should be put on Turkey to make sure the rule of law is upheld there amid a fierce crackdown on suspected plotters in a failed coup, Italy's Foreign Minister Paolo Gentiloni said on Tuesday.
BEIRUT More than 150 civilians, mostly women and children, left besieged eastern parts of Aleppo through a safety zone that Moscow and its Syrian ally say they have set up to evacuate people trapped in opposition-held areas. | Video