Results for Italy
- Italy Convicts Former Alitalia Chiefs Over 2008 Bankruptcy
Two former chief executives of Alitalia and three other former managers were given hefty jail terms on Monday over wrongdoing connected to the airline's bankruptcy in 2008, Reuters reported. A Rome court sentenced Giancarlo Cimoli, who ran the compa ...
Daily Headline - global.abi.org - 09/28/2015 - 21:33 - 0 comments
- Italy Report: Major amendments to insolvency and restructuring law
Italy has a modern and competitive legal system to face not only insolvency, but especially, the financial crisis. In order to further improve the present regulations, on 28 January 2015, the Italian Ministry of Justice established a Commission which ...
Resource Article - abi_admin - 09/09/2015 - 12:03 - 0 comments - 1 attachment
- Italy May Rescue Three Small Lenders With Bank Fund
Italy is working on a plan to recapitalise three small lenders under special administration by raising cash through a fund financed by healthy banks, a financial source told Reuters on Friday. The banks are Cassa di Risparmio di Ferrara (Carife), Banca M ...
Daily Headline - global.abi.org - 09/07/2015 - 19:08 - 0 comments
- Italian Money Laundering Reports Jump To All-Time High
Reports of suspicious bank transactions in Italy jumped 10 per cent to a record high last year as the pervasive problems of organised crime, corruption and tax evasion were exacerbated by a three-year economic slump, the central bank said on Monday, the ...
Daily Headline - global.abi.org - 07/13/2015 - 20:53 - 0 comments
- Italy Sells €6.8 Billion In Debt Despite Continuing Greek Crisis
Italian bonds halted a two-day drop and the nation sold €6.8 billion of debt, a sign of investor confidence that fallout from Greece’s financial crisis can be contained, the Irish Times reported. Italy’s sale included €2.9 billion of 10-year bonds an ...
Daily Headline - global.abi.org - 06/30/2015 - 22:21 - 0 comments
- Banca Marche Repays 1.8 Billion Euros Loan To Credito Fondiario
Banca Marche, which was put under special administration in 2013, said on Thursday it had repaid 1.8 billion euros ($2.01 billion) it owed to Credito Fondiario, Reuters reported. The unlisted lender said some of its senior bonds and other securities that ...
Daily Headline - global.abi.org - 06/25/2015 - 22:34 - 0 comments
- Italy’s Reforms at Risk From Outside Forces
All European eyes will be anxiously turned to Greece in the coming days, but Italian eyes are turned more anxiously than most, The Wall Street Journal reported. Unlike Spain and Portugal, which have been willing to take a hard line on Greece reflecti ...
Daily Headline - global.abi.org - 06/17/2015 - 23:02 - 0 comments
- Italian Businessman Steps In As White Knight To Save Borsalino
Italian businessman Philippe Camperio is spearheading efforts to rescue troubled luxury hat maker Borsalino after it lost millions of euros in 2013, the company said on Wednesday, Reuters reported. In March the hat maker, which has helped clothe politici ...
Daily Headline - global.abi.org - 05/06/2015 - 22:35 - 0 comments
- Italian Police Detail Fraud in Public Contracts
Italy’s financial police have released sobering statistics about fraud and corruption in Italy’s public sector: Of the €4.6 billion ($5 billion) worth of public contracts checked last year, they found €1.5 billion in fraud and €2.6 billion wasted, The ...
Daily Headline - global.abi.org - 04/08/2015 - 22:38 - 0 comments
- Rizzo Bottiglieri-De Carlini Armatori Files Chapter 15
Rizzo Bottiglieri de Carlini Armatori SpA, a marine freight transportation services provider, moved to shield its U.S. assets by filing a bankruptcy petition in Texas after seeking protection from creditors in Italy, Bloomberg News reported. The company ...
Daily Headline - global.abi.org - 04/08/2015 - 22:39 - 0 comments