Results for Italy
- Italy Wins Brussels’ ‘Flexibility’ On Debt Reduction Targets
Brussels has granted Italy “unprecedented” flexibility in meeting EU debt reduction targets, using its political leeway to the full as it cautiously polices the eurozone’s fiscal rule book, the Financial Times reported. Italy has emerged as a big win ...
Daily Headline - global.abi.org - 05/17/2016 - 22:21 - 0 comments
- Atlas Strains To Hold Up The Sky Over Italy’s Banking Sector
A government-orchestrated, privately backed €4.25bn fund — rushed into place last month as investors fretted about Italy’s vast pile of bad loans run up during a long recession — has not proved the silver bullet Italian bankers and officials had hoped, t ...
Daily Headline - global.abi.org - 05/04/2016 - 20:49 - 0 comments
- Italian Subordinated Bonds Take Knock After Vicenza Flop
Italian banks' subordinated debt took a hit on Tuesday as the after-effects of the failed Vicenza IPO started to filter through to the debt markets. A 200m 9.5% 2025 Tier 2 bullet from Banca Popolare di Vicenza has lost over three points since the e ...
Daily Headline - global.abi.org - 05/03/2016 - 20:31 - 0 comments
- Bank Of Italy Says Draft Law Could Cut Credit Recovery Process To 7-8 Months
The Bank of Italy has calculated that a draft law allowing creditors to recover bad debts without involving the court system could drastically reduce the length of time the process requires, a source familiar with the matter said. Italian banks are groan ...
Daily Headline - global.abi.org - 04/28/2016 - 21:19 - 0 comments
- UBI To Test Appetite For Italian Subordinated Debt
UBI Banca is preparing to issue the year's first Tier 2 bond in euros from an Italian bank, a crucial test of appetite for subordinated debt from one of the country's smaller lenders as the government tries clean up its troubled banking sector. ...
Daily Headline - global.abi.org - 04/20/2016 - 22:00 - 0 comments
- Italy Decree On Debt Recovery, Saver Compensation Not On Cabinet's Agenda Wednesday
An Italian decree to speed up recovery of bad loans and compensate people who lost their savings in a bank rescue will not be discussed at a cabinet meeting on Wednesday, two sources said on Tuesday, Reuters reported. Wednesday's meeting had been ex ...
Daily Headline - global.abi.org - 04/19/2016 - 21:28 - 0 comments
- Italy Agrees €5 Billion Rescue Fund To Help Banks
Italian officials and financial firms agreed to create a multibillion-euro fund to help weakened banks raise capital and unload bad loans, as the nation tries to assuage investor jitters and avert a crisis, the Irish Times reported. The new fund, nam ...
Daily Headline - global.abi.org - 04/12/2016 - 20:48 - 0 comments
- Italy Pushes For Bank Rescue Fund
Italy is rushing to cobble together an industry-led rescue to address mounting concerns over the solidity of a banking sector whose woes pose a risk to the wider eurozone economy, the Financial Times reported. Finance minister Pier Carlo Padoan has c ...
Daily Headline - global.abi.org - 04/10/2016 - 19:18 - 0 comments
- Italy’s Bank Bosses Seek Crunch Solution To Industry Woes
Italy’s bank chiefs gathered in Rome this week to discuss what could be done to solve the industry’s woes. So far, they have announced precisely nothing. The silence reflects a stalemate that can’t be broken unless there is a major, but unlikely, shift f ...
Daily Headline - global.abi.org - 04/07/2016 - 21:48 - 0 comments
- Corporate Italy Risks ‘Asphyxia’, Warns Business Chief
Italian business risks “asphyxia” due to a relentless German focus on austerity and debt reduction, making a “disaster” exit from the euro increasingly possible, one of Italy’s leading industrialists has warned, the Financial Times reported. The rare ...
Daily Headline - global.abi.org - 03/16/2016 - 19:53 - 0 comments