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.
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.
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.
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.
(This July 3 story has been refiled to give more approximate figure in paragraph 16)
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.
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.
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.
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
Mailand/Florenz In Italiens Regierung mehren sich die Spannungen vor der Europawahl.