ROME/BRUSSELS Italy's Deputy Prime Minister Matteo Salvini raised the stakes in a budget tussle with Brussels on Friday by threatening to resign and bring down the government unless he can push through at least 10 billion euros ($11 billion) of tax cuts.
MILAN Intesa Sanpaolo will offload only up to 50 percent of a 10 billion euro ($11 billion) portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale it is negotiating with Prelios, three sources familiar with the matter said.
MILAN, May 22 Intesa Sanpaolo will
offload only up to 50 percent of a 10 billion euro ($11 billion)
portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale
it is negotiating with Prelios, three sources familiar with the
Mailand/Florenz In Italiens Regierung mehren sich die Spannungen vor der Europawahl.
MILAN Monte dei Paschi di Siena on Thursday reported an 85 percent drop in first-quarter net profit hurt by shrinking revenues and larger writedowns on problem loans due to Italy's weak economy, as well as some one-off hits.
MILAN Italy's biggest bank UniCredit on Tuesday launched the sale of a 17 percent stake in online brokerage business FinecoBank as part of efforts to bolster the group's financial strength.
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.