United Kingdom


No clean bill of health for EU banks in stress test


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.


U.S. private equities behind UBS-Passera plan for Monte dei Paschi - source 29 Jul 2016

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.


U.S. extends oversight of Fiat Chrysler safety practices by a year 29 Jul 2016

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.


Italy's Monte dei Paschi gets alternative rescue proposal from UBS 28 Jul 2016

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.


Battle between Vivendi and Mediaset over pay-TV sale sours 28 Jul 2016

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.


Migrants tell of horrors of voyage in Italy media campaign 28 Jul 2016

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.


Italy's Monte dei Paschi seeks banks for 5 billion euro cash call - source 27 Jul 2016

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.


EU stress tests to show scale of Italy's banking woes 27 Jul 2016

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.


Italy's Berlusconi primes potential political heir 26 Jul 2016

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.

Coup response requires pressure be put on Turkey - Italy foreign minister 26 Jul 2016

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.


Scores of families leave besieged Aleppo under Russia - Damascus plan

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