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