MILAN Monte dei Paschi expects more clarity in a few weeks on negotiations between Italy and European competition authorities on a proposed "massive" problem loan clean-up at the state-owned bank, its chief executive said.
MILAN/FRANKFURT German carrier Lufthansa is ready to invest up to 200 million euros in struggling Italian airline Alitalia, which is running out of cash and racing to find new funds, a source close to the matter said on Thursday.
(The October 24 story corrects to make clear other shareholders would also be hit in paragraph 11.)
AMELIA, Italy After 50 years governing the green heart of Italy, the center-left looks set to lose control of Umbria in a regional vote on Sunday that is expected to revitalize far-right League leader Matteo Salvini.
BERLIN/ROME Alitalia's rescue hopes received a boost on Thursday with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a 350 million euro ($389 million) bridging loan to ease immediate cash worries.
ROME/MILAN Italy is in talks with the European Commission over a plan to rid state-owned Monte dei Paschi di Siena of around two thirds of its soured loans to pave the way for a sale of the bank, a source with direct knowledge of the situation said.
ROME/MILAN, Oct 3 Italy is in talks with the
European Commission over a plan to rid state-owned Monte dei
Paschi di Siena of around two thirds of its soured
loans to pave the way for a sale of the bank, a source with
direct knowledge of the situation said.
ROME Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank's executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor.
MILAN The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday.
ROME/MILAN Last minute efforts are under way to remove a hurdle posed by French bank Natixis to a plan by Salini Impregilo to create an Italian construction champion, sources close to the matter said.