Italy

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Landmark Bad Loan Deal Boosts Italy Bank Stocks and Govt Bonds

Italian banking stocks rallied and bonds rose on Tuesday after the country's biggest lender, Intesa Sanpaolo, agreed a bad loan sale at favourable conditions, which investors say could help other lenders achieve better terms and boost lending, the ...

Daily Headline - global.abi.org - 04/18/2018 - 00:49 - 0 comments

Italy's Monte Dei Paschi Gears Up for London Roadshow Amid Investor Nerves

Italy's Banca Monte dei Paschi di Siena (MPS) will meet investors in London on April 4, two sources close to the bank told Reuters, as the Tuscan lender seeks to soothe concerns over its turnaround progress, the International New York Times repo ...

Daily Headline - global.abi.org - 04/09/2018 - 22:19 - 0 comments

Italy Revises Up 2017 Deficit, Debt Due to Bank Bailouts

the debt at 132.0 percent, the International New York Times reported on a Reuters story. ISTAT ...

Daily Headline - global.abi.org - 04/04/2018 - 23:50 - 0 comments

Monte Dei Paschi's Bosses Confident About Turnaround Plan

The top executives of bailed-out Italian bank Monte dei Paschi di Siena told investors in London on Wednesday the bank is making progress with its turnaround plan, two fund managers who attended the meetings said, the International New York Times rep ...

Daily Headline - global.abi.org - 04/04/2018 - 23:51 - 0 comments

Italian Debt Most Exposed by Euribor Uncertainty

Italian government debt has the potential to be most affected among eurozone countries by the uncertainty over replacing Euribor, Europe’s main interbank lending rate that has been tarnished by rigging scandals, the Financial Times reported. Almost € ...

Daily Headline - global.abi.org - 03/27/2018 - 22:40 - 0 comments

Financial Markets Fail to Reflect the Eurozone Time-Bomb in Italy

Italy is not the only potential source of future economic instability for the eurozone, but it is the most foreseeable. Other possible triggers are a trade war and a global economic downturn — or more likely both, the Financial Times reported. A trad ...

Daily Headline - global.abi.org - 03/25/2018 - 23:26 - 0 comments

A Tale of Two Hotels: Italy's Bad Loan Sales Hang in the Balance

The Hotel Dei Dogi, a lagoon-side palazzo in Venice, will be renovated in the autumn for the first time in 20 years after a U.S. investment firm snapped up the debts of its family owners, confident of selling it and eight sister hotels at a profit. In th ...

Daily Headline - global.abi.org - 03/21/2018 - 18:57 - 0 comments

Italian Election Results Expose Eurozone Inadequacy

The election results in Italy are a lesson to Europe. Italians were once among the most enthusiastic supporters of the European project. This is true no longer, the Financial Times reported. The combination of economic malaise with political impotenc ...

Daily Headline - global.abi.org - 03/13/2018 - 23:06 - 0 comments

Italy Said to Seek Help Reorganizing Firms Owing $11 Billion

The Italian state entity that took on soured debt from two failed Venetian banks is seeking partners to help restructure companies struggling to repay 9 billion euros ($11 billion) of loans, according to people with knowledge of the matter. The collapse ...

Daily Headline - global.abi.org - 03/12/2018 - 23:05 - 0 comments

Banks Fall Sharply After Italian Election Surprise

Italian banks proved the weakest link on Monday, as an election result that saw the country’s anti-establishment parties make significant gains prompted investors to sell a sector that has outperformed the wider European market over the past year, the ...

Daily Headline - global.abi.org - 03/05/2018 - 21:20 - 0 comments

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