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Valentina Za

Greece's Eurobank struggles to flip loan-recovery unit to PIMCO: sources

04 Oct 2019

LONDON/MILAN/ATHENS Greece's Eurobank is struggling to finalize a deal to sell a majority stake in its loan-recovery business to U.S. money manager PIMCO, sources familiar with the matter told Reuters, after a Sept. 30 deadline passed with no agreement.

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.

UniCredit has no need for 'dramatic' steps on 'unlikely-to-pay' loans

27 Sep 2019

VENICE, Italy Italy's biggest bank UniCredit is on track to meet its goals to cut soured debts and has no need for large disposals of so-called "unlikely-to-pay" loans, a senior executive said on Friday.

Performance of Italy's biggest bad loan deal deteriorates: Moody's

26 Sep 2019

VENICE, Italy Loan recoveries are falling short of expectations in a number of Italian bad debt securitizations, including a record deal by bailed-out Monte dei Paschi di Siena whose performance has weakened further in the past six months, Moody's said.

ECB chief supervisor urges banks to seize the moment on debt

17 Sep 2019

MILAN The European Central Bank's chief supervisor expressed concern on Tuesday that European banks were not taking full advantage of favourable markets to issue more debt, especially the type that can be used to soak up losses.

French minister hopes for closer ties with new Italy government

07 Sep 2019

CERNOBBIO, Italy With the arrival of a new government in Rome, France and Italy have a unique chance to strengthen their ties through joint projects and closer cooperation on European matters, French Finance Minister Bruno Le Maire said on Saturday.

Italy business leaders urge government to restore investment scheme

06 Sep 2019

CERNOBBIO, Italy Italian business leaders called on the country's new government on Friday to restore incentives for investment and to support economic growth, while keeping public finances in check.

Banca Ifis in talks to merge bad debt business with Credito Fondiario

02 Aug 2019

MILAN Italy's Banca IFIS is in exclusive talks to sell some of its operations to rival Credito Fondiario, IFIS said on Friday, in a deal that would create a leading player in the soured loans market.

Italy's Intesa clinches 10 billion euro soured loan deal with U.S. hedge fund

31 Jul 2019

MILAN Italy's biggest retail bank Intesa Sanpaolo has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021 target of cutting soured debts to 6% of total lending.

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