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Andrea Mandala

UPDATE 1-Italian bank Creval changes CEO to prepare new business plan

25 Feb 2019

MILAN, Feb 25 Italian mid-sized bank Creval said on Monday that its chief executive Mauro Selvetti had resigned and would be replaced by chairman Luigi Lovaglio, as shareholders seek a change of strategy.

Italian payment services group SIA may list on stock market - CEO

20 Feb 2019

MILAN Italian payment services group SIA is considering an initial public offering which could value the company at 3.5 billion euros (3.04 billion pounds), Chief Executive Nicola Cordone said on Wednesday.

UPDATE 2-Italy's BPER buys top investor Unipol's banking unit for 220 mln euros

08 Feb 2019

MILAN, Feb 8 Italy's BPER Banca has agreed to buy the banking unit of its top shareholder Unipol for 220 million euros ($249 million) in a deal that also freed the bank of 1.3 billion euros in bad loans, it said on Friday.

Italy's BPER buys top investor Unipol's banking unit for 220 million euros

08 Feb 2019

MILAN Italy's BPER Banca has agreed to buy the banking unit of its top shareholder Unipol for 220 million euros ($249 million) in cash, the two groups said on Friday.

Italy's smaller 'popolari' banks studying mutual support schemes

30 Jan 2019

MILAN, Jan 30 Italian unlisted "popolari" banks are considering setting up schemes to support each other in case of necessity and will discuss such plans with the Bank of Italy on Feb. 7, the sector lobby's chairman told Reuters.

Italy weighs M&A solutions for Monte dei Paschi, Carige: sources

18 Jan 2019

MILAN Italy is considering merging troubled banks Monte dei Paschi and Banca Carige with healthier rivals such as UBI Banca as it scrambles to avert a new banking crisis, sources familiar with the matter said.

RPT-UPDATE 1-Carige commissioner plays down nationalisation option

09 Jan 2019

GENOA, Italy, Jan 9 A nationalisation of Banca Carige is not currently an option, a commissioner in charge of the ailing Italian bank said on Wednesday, although there is some support for such a step in the country's ruling coalition.

Carige commissioner plays down nationalization option

09 Jan 2019

GENOA, Italy A nationalization of Banca Carige is not currently an option, a commissioner in charge of the ailing Italian bank said on Wednesday, although there is some support for such a step in the country's ruling coalition.

Top shareholder in Banca Carige blocks crucial cash call

22 Dec 2018

GENOA, Italy The top investor in Banca Carige on Saturday blocked a crucial cash call at the troubled Italian bank from being approved because it wanted more clarity on the lender's future before backing a new capital injection.

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.

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