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United Kingdom

Stefano Bernabei

Monte dei Paschi expects answer on bad loan plan within weeks - CEO

06 Nov 2019

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.

Lufthansa ready to invest up to 200 million euros in Alitalia rescue - source

31 Oct 2019

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.

EU wary of Italy's plan to spare Monte Paschi from loan losses: sources

25 Oct 2019

(The October 24 story corrects to make clear other shareholders would also be hit in paragraph 11.)

Salvini eyes victory in central Italy after government heartache

25 Oct 2019

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.

Alitalia rescue hopes rise as Lufthansa looks set to step in

17 Oct 2019

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.

Exclusive: Italy in talks with EU over Monte dei Paschi bad loan spin-off - source

03 Oct 2019

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.

EXCLUSIVE-Italy in talks with EU over Monte dei Paschi bad loan spin-off-source

03 Oct 2019

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.

Italy's Panetta seen bringing rigour and art to ECB board

25 Sep 2019

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.

Atlantia's CEO set to step down as bridge probe darkens

16 Sep 2019

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.

Salini working to resolve Natixis risk to Italian building deal

31 Jul 2019

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.

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