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.
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.
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.
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.
(This August 2 story corrects to read Sept 20 (not Sept 14) in paragraphs 12, 14)
MILAN Italian oil major Eni will make a binding commitment to becoming carbon neutral, its chief executive Claudio Descalzi said on Monday.
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 .
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.
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.
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.