Results for Italy
- Monte dei Paschi Reports Nearly $1 Billion Loss in Third Quarter
Monte dei Paschi di Siena, Europe’s oldest bank and one of its most troubled, on Wednesday reported a loss of 797 million euros, or $991 million, in the third quarter after it drastically increased the amount of money set aside to cover problem loans, th ...
Daily Headline - global.abi.org - 11/12/2014 - 20:45 - 0 comments
- Monte dei Paschi di Siena’s Former Executives Sentenced to 3.5 Years in Prison
Three former managers blamed for the crisis that has befallen the world’s oldest bank, and devastated the community whose economy depended on it, were sentenced on Friday to jail time and banned from public office for five years, the International New ...
Daily Headline - global.abi.org - 11/02/2014 - 18:53 - 0 comments
- Italy’s Monte Paschi Discussing Capital Options With Government
Italy’s Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei Paschi di Siena as it struggles to raise fresh capital, according to sources, the Irish Times repor ...
Daily Headline - global.abi.org - 10/28/2014 - 22:03 - 0 comments
- Italy, France Back Off From Budget Clash With Brussels
Italy and France backed away from a clash with the European Commission over their 2015 budgets on Monday by pledging extra measures to cut their deficits, The Wall Street Journal reported. The move comes after the commission, the European Union’s exe ...
Daily Headline - global.abi.org - 10/27/2014 - 21:09 - 0 comments
- Italian Banks Are the Weakest Performers in E.C.B. Review
represented only 0.2 percent of Italy’s gross domestic product, and that Italian banks underperformed only in ...
Daily Headline - global.abi.org - 10/26/2014 - 17:39 - 0 comments
- UniCredit, Italy’s Biggest Lender, To Dispose Of More Than €5 Billion In Bad Loans
The trickle of toxic debt being sold by Italian banks is turning into a torrent as UniCredit prepares to announce the disposal of more than €5 billion in bad loans to private equity investors, the Irish Times reported. UK group AnaCap Financial Partn ...
Daily Headline - global.abi.org - 10/15/2014 - 21:15 - 0 comments
- Italy's Lucchini To Ask India's JSW Steel To Lift Its Offer
Troubled steelmaker Lucchini said on Tuesday it planned to ask India's JSW Steel to raise its offer of less than $100 million for the Italian company's core assets in Piombino on the Tuscan coast, Reuters reported. Lucchini, Italy's second ...
Daily Headline - global.abi.org - 10/14/2014 - 21:05 - 0 comments
- Italy to Remain in Recession This Year, Says IMF
completed at the end of August after bilateral consultations with Rome, the IMF forecast a 0.1% drop in ...
Daily Headline - global.abi.org - 09/18/2014 - 20:39 - 0 comments
- Italy Calls For New Benchmarks To Measure Reforms
Italy is pushing for new rules to monitor economic reforms across the eurozone, in an attempt to reassure other European countries of its commitment to tackling its biggest structural problems and rally them towards greater flexibility on budgetary polic ...
Daily Headline - global.abi.org - 09/07/2014 - 20:41 - 0 comments
- Italy Court Upholds U.S. Ruling On Parmalat Damages To Citibank
An Italian court has upheld a ruling by a U.S. court for Italy's Parmalat to pay Citibank $431 million in damages in a case relating to the dairy group's bankruptcy more than 10 years ago, lawyers for the U.S. bank said on Thursday, Reuters rep ...
Daily Headline - global.abi.org - 09/04/2014 - 19:44 - 0 comments