MILAN Italy's Atlantia picked a veteran manager from its main shareholder as its new chief executive on Monday amid growing worries over the fallout from a deadly bridge collapse that threatens its motorway unit and alarms foreign investors.
ROME/MILAN A potential 1.4 billion euro (1.2 billion pounds) capital shortfall at Banca Popolare di Bari is a base assumption which must be confirmed by an analysis of the ailing Italian bank's assets and risks, one its temporary administrators said on Wednesday.
ROME A source close to Atlantia's motorway unit warned on Monday the company would go bankrupt if the government revoked its concession without compensation following the deadly collapse of a bridge last year.
MILAN The Benetton family's holding company Edizione is ready to sell a stake of up to 49% in Rome airport operator Aeroporti di Roma (ADR) as part of an overhaul of infrastructure group Atlantia , three sources close to the matter said on Tuesday.
MILAN The European Union will have no reason to object to a rescue of Popolare di Bari, an Italian government minister said on Monday as the Bank of Italy highlighted the central role the cooperative bank plays in the country's struggling south.
ROME Tens of thousands of people joined a demonstration in central Rome on Saturday organised by a grassroots movement known as "the sardines", launched only a month ago to protest against far-right leader Matteo Salvini. | Video
ROME The Bank of Italy placed Banca Popolare di Bari under special administration on Friday as a crisis at the cooperative lender heaped pressure on the shaky coalition government headed by Prime Minister Giuseppe Conte.
MILAN, Nov 29 Italian state-owned bad loan
manager AMCO said on Friday it would raise 1 billion euros ($1.1
billion) in fresh capital by the end of the year as it prepared
to take on more soured bank loans.
ROME Italy is working on improving the reform of the euro zone bailout fund and is not considering vetoing it at the moment, a government official said, as politicians in the euro zone's third-largest economy quarrelled over the proposed changes.
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.