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Valentina Za

BlackRock's plan for Italy's Carige sees higher cash call: sources

18 Apr 2019

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.

Debt-laden payments firm Nexi draws strong demand on first day of IPO

29 Mar 2019

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.

Italian state lender CDP adds Citi banker to new top team - sources

01 Mar 2019

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.

Italy's Carige faces April deadline to fill 630 million euro capital gap

27 Feb 2019

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.

UPDATE 1-Italian bank Creval changes CEO to prepare new business plan

25 Feb 2019

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.

From cars to quakes: Italy's banks take on insurance

04 Feb 2019

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.

UPDATE 1-Italy's Nexi to pick 13 banks for Milan listing - sources

01 Feb 2019

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.

Italy's Popolare Bari studying tie-up with other southern banks: sources

23 Jan 2019

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.

Some 170 migrants missing in two Mediterranean incidents

19 Jan 2019

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.

Italy's Carige will size upcoming state-backed bond at over 1 billion euros: sources

18 Jan 2019

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.

World News

Yellow vest demonstrators, police clash in Paris

Clashes broke out between dozens of demonstrators and police in Paris on the 23rd Saturday of yellow-vest protests after authorities warned that rioters could return to the French capital to spark a new wave of violence.