Italy

Results for Italy

Comprehensive reform of Italy’s bankruptcy laws

On October 11, 2017, the Italian Parliament passed a law (the “Reform Law”), which authorizes the Government to introduce a sweeping reform of Italy’s bankruptcy legislation (which dates back to 1942 but was subject to significant amendment in recent yea ...

Resource Article - twallace@abiwor... - 11/08/2017 - 10:41 - 0 comments - 1 attachment

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Italian Services Sector Reports Worst Growth In a Year

down from September’s 53.2 and below analysts’ expectations in a Reuters poll of a 53.0 reading. A ...

Daily Headline - global.abi.org - 11/06/2017 - 22:19 - 0 comments

Monte Dei Paschi Welcomed Back by Market but Below Rescue Price

Monte dei Paschi di Siena shares soared on their market return after a 10-month hiatus, but remained well below the price Italy paid to bail out its fourth-largest bank, the International New York Times reported on a Reuters story. The world's o ...

Daily Headline - global.abi.org - 10/25/2017 - 22:43 - 0 comments

Monte Dei Paschi Shares to Resume Trading After 10-Month Halt

Monte dei Paschi di Siena shares will resume trading on Wednesday 10 months after they were suspended when Italy's fourth-largest bank failed to raise capital to bolster its finances, the International New York Times reported on a Reuters story. ...

Daily Headline - global.abi.org - 10/24/2017 - 18:49 - 0 comments

Italy Extends Alitalia Bridge Loan

Italy on Friday extended a bridge loan for airline Alitalia, which is in special administration as state commissioners seek to sell, overhaul or liquidate the carrier, Reuters reported. Italy’s cabinet said in a statement it had passed an emergency decre ...

Daily Headline - global.abi.org - 10/15/2017 - 21:57 - 0 comments

Italy Bank Bulls Say Bad Loan Panic Overdone as Stocks Slide

Italian banks are being backed by some investors to withstand tougher European Central Bank rules on bad-loan provisioning that sent their shares tumbling, Bloomberg News reported. A 6.9 percent drop in a gauge of the nation’s lenders in the six days thr ...

Daily Headline - global.abi.org - 10/12/2017 - 22:11 - 0 comments

Theresa May's Brexit Speech

On 22 September 2017, Britain's Prime Minister Theresa May delivered a speech in Florence seeking to help progress negotiations between the UK and the EU before the fourth round of Brexit talks that began on 25 September 2017 in Brussels. The speec ...

Resource Article - twallace@abiwor... - 09/29/2017 - 10:59 - 0 comments - 0 attachments

Italy Bank Cleanup Shifts to $150 Billion in Doubtful Loans

After tackling billions of dollars in bad loans, Italian banks are moving on to a somewhat less risky but possibly trickier category of distressed debt as they seek to clean up their balance sheets, Bloomberg News reported. “Unlikely-to-pay loans are the ...

Daily Headline - global.abi.org - 09/19/2017 - 21:41 - 0 comments

Italian Banks’ Bad Loans Fall Sharply as Economy Rebounds

The stock of bad debts held by Italian banks fell by a record amount in July, in a sign that Italy’s struggling financial sector is starting to benefit from stronger economic growth and greater investor interest, the Financial Times reported. The tot ...

Daily Headline - global.abi.org - 09/13/2017 - 16:36 - 0 comments

Syndicate content