Edition:
United Kingdom

Valentina Za

Italy's Salvini threatens to resign in budget row with EU

21 Jun 2019

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.

Intesa to sell up to 5 billion euros in UTP loans to Prelios: sources

22 May 2019

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.

Intesa to sell up to 5 bln euros in UTP loans to Prelios-sources

22 May 2019

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 matter said.

Regierungskoalition in Rom vor Europawahl zusehends uneins

16 May 2019

Mailand/Florenz In Italiens Regierung mehren sich die Spannungen vor der Europawahl.

Monte dei Paschi profit falls, raises bad loan provisions

09 May 2019

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.

UniCredit sells 17 percent stake in online broker FinecoBank

07 May 2019

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.

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.

World News