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Valentina Za

Monte dei Paschi shows restructuring progress in third quarter

09 Nov 2018

MILAN State-owned bank Monte dei Paschi di Siena on Friday showed that its restructuring is advancing when it reported a third-quarter net profit driven by cost cuts that offset lower revenue and one-off charges.

UniCredit trims capital guidance after U.S. dispute, Turkey hit

08 Nov 2018

MILAN Italy's top bank UniCredit missed third-quarter profit forecasts after writing down its stake in a Turkish bank by almost $1 billion and covering for an expected settlement of an Iran sanctions case with the United States.

UPDATE 2-Intesa CEO bullish on Italy after Q3 profit beat

06 Nov 2018

* CEO bullish on Italy, sees 2019 GDP growth of at least 1 pct

Goldman downgrade overshadows Italian bank Intesa's strong stress test

05 Nov 2018

MILAN Italian banking shares fell on Monday, with a Goldman Sachs downgrade on Italy's top retail bank Intesa SanPaolo outweighing its strong performance in European regulatory tests.

Italian families, firms feel heat of rising bank loan costs

25 Oct 2018

MILAN Italy's banks are charging households and businesses more to borrow after a fall in the value of the country's bonds, the first sign of a credit tightening that could disrupt the populist government's economic revival plans.

Market turmoil forced Italy to tighten bad loan guarantee scheme

22 Oct 2018

MILAN The turmoil in Italian asset markets since May has forced Rome to tighten a state guarantee scheme devised to help banks offload bad loans, making it costlier for lenders, an EU Commission document showed.

Italy expects EU budget rejection on Tuesday: source

22 Oct 2018

MILAN The Italian government expects the European Commission to decide for the first time ever on Tuesday to ask a member state to revise its draft budget, a government source said on Sunday.

Five-Star leader says he will defend Italy's euro membership

21 Oct 2018

MILAN Italy's Deputy Prime Minister and Five-Star leader Luigi Di Maio said on Sunday he was committed to preserving the country's membership of the euro zone.

Italy's coalition solves tax row, seeks 'dialogue' with Europe

20 Oct 2018

MILAN Italy's ruling coalition patched up a row over a tax amnesty on Saturday and struck a more conciliatory tone towards EU institutions, saying it wanted to discuss its budget plans with Brussels.

Italian banks face twin challenges of capital and funding

04 Oct 2018

MILAN A spike in Italy's bond yields has put the country's banks under renewed pressure, raising the spectre of capital shortfalls just as challenging refinancing deadlines near.

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