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Italy's front line in fight to save banks - a storage room


MILAN Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis.


Italy tells EU not to reject its budget; criticises Hungary 23 Oct 2016

MILAN The European Union must choose between letting Rome hike its budget deficit to cope with the costs of migrants and an earthquake, or siding with the "Hungarian way" of building barriers, Italy's economy minister said.

Seven migrants die on day of 'Libyan Coast Guard' attack 21 Oct 2016

ROME The crew of a speedboat labelled "Libyan Coast Guard" attacked a migrant boat packed with some 150 migrants, beating them with sticks and causing many to fall into the water and at least four to drown, humanitarian group Sea-Watch said on Friday.


Credit Suisse reaches 109.5 million euro settlement in Italy 21 Oct 2016

MILAN/ZURICH Credit Suisse has agreed to pay 109.5 million euros (97.36 million pounds) in taxes and penalties to settle allegations by Italian authorities that it helped clients transfer undeclared funds offshore, the Swiss bank said on Friday.


Italy resists EU push for Russia sanctions over Aleppo bombings 21 Oct 2016

BRUSSELS European Union leaders condemned Russia on Friday for its bombing of civilians in Syria's besieged city of Aleppo but faced resistance from Italy to impose new sanctions against Moscow over the atrocities.

Exclusive - Italy allocates 500 million euros for bank sector job cuts over three years 20 Oct 2016

ROME Italy has allocated 500 million euros (£447 million) over the next three years to help commercial banks finance early retirement schemes, a government source told Reuters on Thursday.


Milan makes visiting Dalai Lama honorary citizen, angering China 20 Oct 2016

MILAN Milan welcomed Tibet's exiled spiritual leader, the Dalai Lama, on Thursday and gave him an honorary citizenship on a visit to the northern Italian city, angering China, which sees him as a separatist.

Italy police arrest people smuggler at French border after chase 20 Oct 2016

ROME Italian police stopped and arrested a 39-year-old Italian man who was driving a refrigerated minivan packed with 17 migrants after a high-speed chase at the French border, the police said on Thursday.

In Italian bond market, politics starts to outweigh ECB backstop 20 Oct 2016

LONDON The premium that Italy must pay over Spain to borrow is at its highest in two years, suggesting political risks suppressed for years by central bank largesse are coming to the fore of investor concern.


Italian judge sends 23 to trial in Berlusconi sex bribery case 19 Oct 2016

MILAN An Italian judge on Wednesday sent a Moroccan exotic dancer and 22 others for trial on a variety of charges, including lying under oath about lavish parties hosted by former prime minister Silvio Berlusconi.


France starts clearing 'jungle' migrant camp in Calais

CALAIS, France France began clearing the sprawling "Jungle" migrant camp in Calais on Monday, with hundreds carrying suitcases queuing outside a hangar to be resettled in reception centres across the country.