Results for Italy
- Italian Banks Continue to Lend to Stagnant Companies as Debt Pile Mounts
As Italy and Europe more broadly struggle to come to grips with an escalating problem with bad loans, a new paper by economists connected to the Center for Economic Policy Research, a European policy shop, highlights the extent to which Italy’s main bank ...
Daily Headline - global.abi.org - 08/18/2016 - 22:33 - 0 comments
- Italy’s Shaky Bank-Rescue Plan
The best that can be said for Italy’s latest plan to rescue its third-largest bank is that it might just work, The Wall Street Journal reported. Monte dei Paschi di Siena announced on Friday a complex deal that would see it offload €40 billion ($44.7 ...
Daily Headline - global.abi.org - 08/04/2016 - 22:44 - 0 comments
- ‘Safe Hands’ Tested As Padoan Gets To Grips With Italian Banks
Over dinner with reporters at an upscale Roman hotel in November, Pier Carlo Padoan, Italy’s finance minister, was asked what he would do if he had a magic wand to help his country’s sluggish economy. The answer was telling: he would wipe away the huge s ...
Daily Headline - global.abi.org - 07/28/2016 - 22:52 - 0 comments
- Italy Races To Gain Private Bailout For Monte Paschi
Italy was last night racing to secure a privately backed bailout of Monte dei Paschi di Siena, the most exposed of the country’s troubled lenders, including a plan to raise €5bn of fresh capital so as to avert nationalisation, according to bankers and Eu ...
Daily Headline - global.abi.org - 07/26/2016 - 23:09 - 0 comments
- 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