Italy

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Merkel Upbeat On Italy Bank Talks As UniCredit Raises Cash

Angela Merkel dismissed concerns of an escalating crisis surrounding Italian banks and expressed confidence that talks between Rome and Brussels allowing a rescue of struggling financial institutions could be “resolved well”, giving a boost to Italian ba ...

Daily Headline - global.abi.org - 07/12/2016 - 23:33 - 0 comments

Italy Warned To Abide By ‘Strict’ EU Bank Rescue Rules

Italy has been warned it must abide by “strict” EU rules for rescuing teetering lenders, limiting Rome’s ability to pump public money into the country’s financial sector, the Financial Times reported. Jeroen Dijsselbloem, head of the eurozone’s commi ...

Daily Headline - global.abi.org - 07/11/2016 - 21:10 - 0 comments

Italy’s Plan for Banks Could Roil Europe

Even as Europe grapples with repercussions of Britain’s vote to leave the European Union, a dispute over tens of billions of dollars is also threatening to roil the region’s $16 trillion economy, the International New York Times reported. The Italian ...

Daily Headline - global.abi.org - 07/07/2016 - 23:01 - 0 comments

Investor Anxiety Rises Over Italian Bank Debt

The price of a bond issued by Monte dei Paschi di Siena, Italy’s third-largest lender, plunged more than a tenth on Tuesday in the latest sign of growing investor alarm over bad debts within the country’s financial institutions, the Financial Times r ...

Daily Headline - global.abi.org - 07/05/2016 - 23:02 - 0 comments

Bad Debt Piled in Italian Banks Looms as Next Crisis

Britain’s vote to leave the EU has produced dire predictions for the U.K. economy. The damage to the rest of Europe could be more immediate and potentially more serious. Nowhere is the risk concentrated more heavily than in the Italian banking sector, ...

Daily Headline - global.abi.org - 07/04/2016 - 22:48 - 0 comments

Italy Rescues Veneto Banca After EU Bailout Plea Fails

An Italian bank bailout fund has taken control of a second lender after Germany rejected a plea for a more sweeping state-funded recapitalisation of the country’s banking system, the Financial Times reported. Angela Merkel, the German chancellor, tur ...

Daily Headline - global.abi.org - 06/30/2016 - 20:55 - 0 comments

Country Reports Spring 2016

Italy: New provisions for banks in financial difficulties. Italy has recently enforced new provisions concerning the management of banks’ and intermediaries’ crises following the European Union directives, concerning the saving of four Italian banks. ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:50 - 0 comments - 1 attachment

Renzi Seeks Help For Italy’s Banks After Brexit Wobble

Italy is eyeing a multibillion-euro rescue of its ailing banks, using the market turbulence triggered by the UK’s Brexit vote as an excuse to sidestep strict rules against state support for lenders, the Financial Times reported. Following a further h ...

Daily Headline - global.abi.org - 06/27/2016 - 22:45 - 0 comments

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

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