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Valentina Za

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.

Italy's UniCredit looks to ring-fence foreign assets - sources

09 Jul 2019

ROME Italy's biggest bank by assets, UniCredit , plans to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market, two sources said on Tuesday.

Italy rebuffs German migrant appeal as rescue boat disembarks at Lampedusa

07 Jul 2019

MILAN Migrants on a rescue boat that breached a ban on docking in Italy for the second time in a week, arriving illegally in Lampedusa, disembarked on Sunday after the vessel was impounded, as Italy rejected a German call to open its ports to charity vessels.

Italy counts on army of number-crunchers to win bad loan war

04 Jul 2019

(This July 3 story has been refiled to give more approximate figure in paragraph 16)

Italy and Germany in war of words over German rescue ship captain

01 Jul 2019

MILAN A war of words broke out between Germany and Italy on Sunday over the German captain of a rescue ship, who defied a docking ban enforced by Rome to bring migrants ashore.

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.

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