Italy

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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

Italy Banking Clean-Up Faces Merger Delay

economy that grew just 0.1 per cent last quarter. One senior Italian banker said if the merger collapses ...

Daily Headline - global.abi.org - 03/10/2016 - 23:12 - 0 comments

Oil Collapse Puts Brake On Italy’s Manufacturers

Italy — the eurozone’s third-largest economy and second-largest manufacturer — did finally emerge from a bruising triple-dip recession in 2015 when it recorded 0.7 per growth, the Financial Times ... bruising triple-dip recession in 2015 when it recorded 0.7 per growth, the Financial Times reported. ...

Daily Headline - global.abi.org - 02/28/2016 - 23:33 - 0 comments

Protesters Turn Up Heat On Bank Of Italy

The Bank of Italy has long been considered a bastion of competence and stability in the eurozone’s third-largest economy — a counterweight to the often flighty economic stewardship of successive governments in Rome. But the sharp sell-off of Italian fina ...

Daily Headline - global.abi.org - 02/08/2016 - 22:28 - 0 comments

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