Edition:
United Kingdom

Andrea Mandala

Italian families, firms feel heat of rising bank loan costs

25 Oct 2018

MILAN Italy's banks are charging households and businesses more to borrow after a fall in the value of the country's bonds, the first sign of a credit tightening that could disrupt the populist government's economic revival plans.

Carige's top investor secures majority of new board

20 Sep 2018

GENOA, Italy Carige's top investor secured a majority of seats on the beleaguered Italian bank's new board on Thursday, after falling out with a third chief executive in three years and pushing for a shake-up.

Carige picks new board as shareholder feud clouds future

20 Sep 2018

GENOA, Italy, Sept 20 Investors in Italy's Carige met on Thursday in the port city of Genoa to elect a new board, but shareholder infighting casts a shadow over the troubled lender's ability to solve its problems.

UPDATE 1-Italian court allows disputed list of Carige board nominees-sources

19 Sep 2018

MILAN, Sept 19 An Italian judge has ruled to allow a disputed list of candidates for the board of Carige , two sources close to the matter said, as uncertainty grows over the future of the troubled lender.

Carige CEO says arguments must stop for bank to tap markets

04 Aug 2018

(This August 2 story corrects to read Sept 20 (not Sept 14) in paragraphs 12, 14)

Italy's Eni aims for oil industry first with carbon neutral goal

02 Jul 2018

MILAN Italian oil major Eni will make a binding commitment to becoming carbon neutral, its chief executive Claudio Descalzi said on Monday.

UBI Banca studying M&A options, chairman opposes any Monte dei Paschi deal

06 Apr 2018

BRESCIA, Italy UBI Banca is studying potential merger options as the sector consolidates, but its chairman said he would quit rather than agree to a linkup with Monte dei Paschi di Siena .

Carige's top investor questions cash call's backstop accords

29 Mar 2018

GENOA, Italy The top investor in Banca Carige questioned on Thursday backstop accords with investors that last year allowed the Italian lender to meet regulatory demands to raise capital.

Investors in Italy's Creval take up 83 percent of 700 million euro cash call

08 Mar 2018

MILAN Investors took up 83 percent of a 700 million euro ($862 million) new share sale by Italy's Credito Valtellinese , helping the mid-sized lender's efforts to shed bad debts and restructure.

Italy's Creval prices 700 million euro new share issue

14 Feb 2018

MILAN Mid-sized lender Creval will offer new shares at 0.10 euros each from Monday, in a 700 million euro (621.89 million pounds) offer that will test investor demand for Italian banks ahead of a general election.

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