ROME/MILAN Troubled Italian bank Carige could need a larger-than-expected cash injection of at least 700 million euros ($791 mln) under a rescue plan put forward by U.S. asset manager BlackRock, two sources familiar with the matter said.
MILAN Italian payments group Nexi's initial share sale drew strong investor demand on its first day, with bookrunners saying orders exceeded the amount on offer in what is likely to be one of Europe's biggest listings this year.
MILAN/LONDON, March 1 Italian state lender Cassa
Depositi e Prestiti (CDP) has hired senior Citigroup
banker Pierpaolo Di Stefano to oversee a growing portfolio of
equity investments in the eurozone's third largest economy,
sources familiar with the matter told Reuters.
GENOA, Italy Temporary administrators of Banca Carige said they had to find a buyer by April for the Italian bank, after unveiling a 630 million euro (£540 million) capital shortfall.
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.
MILAN An aging population and struggling state finances could turn into an unlikely boon for Italy's banks, which have turned to a growing market for insurance to brighten their prospects.
MILAN, Feb 1 Italian banking service provider
Nexi will hire 13 banks to run what could be Italy's biggest
initial public offering in three years, sources with knowledge
of the plan said.
MILAN/DAVOS Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian lender.
MILAN/MADRID An estimated 170 migrants have been lost in the Mediterranean in two incidents involving dinghies that left from Libya and Morocco, migrants organisations said on Saturday.
MILAN An upcoming state-backed bond by Italy's troubled lender Banca Carige is expected to top 1 billion euros ($1.14 billion), three sources familiar with the matter told Reuters.