Italy

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Italy Shock Shows Sovereign CDS Still Active-Flaws and All

Italy's recent bond shock showed that the financial derivatives market designed to insure against sovereign defaults hasn't been killed off by doubts about whether those contracts would pay out when the time came, the International New York T ...

Daily Headline - global.abi.org - 07/17/2018 - 23:57 - 0 comments

Italy’s Ruling Coalition Likely to Delay Small Bank Reform

Italy's anti-establishment coalition government is likely to delay a planned reform of the country's mutual banks through a decree it will approve next week, two sources familiar with the matter said on Tuesday. The right-wing League party has ...

Daily Headline - global.abi.org - 07/17/2018 - 23:59 - 0 comments

Cerberus, Ifis Bid for $5 Billion Credit Agricole Loans

Cerberus Capital Management LP made a joint offer with Banca Ifis SpA to buy most of the 6 billion euros ($7 billion) of Italian bad loans being sold by Credit Agricole SA, according to people with knowledge of the matter. The pair submitted a bid for a ...

Daily Headline - global.abi.org - 07/16/2018 - 23:07 - 0 comments

Italy’s Debts to European Central Bank Near €500 Billion

A widely watched measure of eurozone capital flows suggests that Italy’s debts to the European Central Bank are set to hit €500bn this summer, reflecting the eurozone’s persistent financial imbalances, the Financial Times reported. The country’s Targ ...

Daily Headline - global.abi.org - 07/09/2018 - 22:18 - 0 comments

A Major Shift of the Italian Supreme Court on Bankruptcy Buy-Outs

Under Italian law a bankruptcy buy-out proposal can be filed by the debtor (after 1 year from the opening of the bankruptcy proceedings), any creditor and any third party, JD Supra reported. The proposal must be approved by the majority of (unsecured and ...

Daily Headline - global.abi.org - 07/09/2018 - 22:20 - 0 comments

Italian Bond Markets Face Supply Test After Turbulence

Fresh Italian debt sales in coming weeks will test investors’ view of the interest rates available on the country’s substantial financing needs, as market participants warn that conditions are still far from settled, the Financial Times reported. Ita ...

Daily Headline - global.abi.org - 07/05/2018 - 22:44 - 0 comments

UniCredit Said to Be Selling $3.5 Billion Loans in Cleanup

UniCredit SpA is selling at least 3 billion euros ($3.5 billion) of non-performing loans in different deals, while extending a partnership to manage troubled corporate debt as part of its cleanup strategy, according to people with knowledge of the matter ...

Daily Headline - global.abi.org - 07/01/2018 - 23:10 - 0 comments

Bain Capital Credit to Buy 450 Million Euro Soured Loans From Credit Agricole Italia-Source

Bain Capital Credit, part of global investment firm Bain Capital, has won a race to buy a soured debt portfolio from the Italian arm of French bank Credit Agricole, a person familiar with the matter said, the International New York Times reported. Th ...

Daily Headline - global.abi.org - 06/28/2018 - 23:20 - 0 comments

Italy’s Conte Takes Hard Line on EU Economic and Immigration Policy

Giuseppe Conte, Italy’s prime minister, slammed key features of a eurozone reform plan hatched last week by France and Germany, staking out a hardline position on economic policy as well as immigration ahead of his first EU summit as head of the populist ...

Daily Headline - global.abi.org - 06/27/2018 - 19:33 - 0 comments

Italian Debt and Equities Slide

rose as much as 33 basis points to 0.912 per cent while the 10-year was up 16bp to 2.721 per cent as ... The euro fell 0.4 per cent to $1.1507, taking it to the brink of its 2018 nadir of $1.506, which it ...

Daily Headline - global.abi.org - 06/21/2018 - 22:36 - 0 comments

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