Italy

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Protesters Turn Up Heat On Bank Of Italy

The Bank of Italy has long been considered a bastion of competence and stability in the eurozone’s third-largest economy — a counterweight to the often flighty economic stewardship of successive governments in Rome. But the sharp sell-off of Italian fina ...

Daily Headline - global.abi.org - 02/08/2016 - 21:28 - 0 comments

Article from INSOL Europe (Week 7 - 13 December 2015) GlobalINSOLvency Editorial Board

Most recently, in August 2012, Law no. 134, conversion of the Law Decree No. 83/2012 so called “ Decree on Development” has been deeply impacted the existing system introducing several new rules aimed at simplifying the access to proceedings alternative ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:33 - 0 comments - 1 attachment

Italy Reaches ‘Bad Bank’ Agreement With Brussels

Italy and the EU have reached a deal allowing Italian banks to sell their large portfolios of non-performing loans to private investors with a government guarantee, in an effort to ease market pressure on the financial sector in the eurozone’s third-larg ...

Daily Headline - global.abi.org - 01/27/2016 - 20:47 - 0 comments

Matteo Renzi Posed Stern Test By Italy’s Banking Woes

Matteo Renzi will celebrate a big investment by Apple in Naples today — just the kind of moment the youthful prime minister likes to project as a sign of Italy's renewal after years of stagnation and recession, the Financial Times reported. But ...

Daily Headline - global.abi.org - 01/21/2016 - 20:48 - 0 comments

Italy’s Recovery Key to Europe’s Fortunes

Perhaps the most important question hanging over the European economy this year is whether Italy’s recovery is for real, The Wall Street Journal reported. Statistics show that Italy last year emerged from its seven-year slump, growing by 0.8% in 2015 and is widely forecast to grow by 1.5% this ...

Daily Headline - global.abi.org - 01/20/2016 - 22:05 - 0 comments

Banca Monte Dei Paschi Di Siena Shares Tumble On Loan Fears

Concerns about the €40bn of non-performing loans on the balance sheet of Banca Monte dei Paschi di Siena reduced the market capitalisation of Italy’s third-largest lender by assets to just €2.2bn as its shares hit a record low, the Financial Times re ...

Daily Headline - global.abi.org - 01/18/2016 - 22:51 - 0 comments

EU Presses Italy to Sell Rescued Banks Quickly

Four Italian banks rescued last month from collapse will be sold by late spring, the chairman of the lenders said today, as Rome comes under pressure from Brussels to find buyers quickly, Reuters reported. "There is an obligation to sell (the banks) ...

Daily Headline - abi_admin - 12/30/2015 - 14:04 - 0 comments

Renzi Faces Political Backlash Over Italian Banks’ Rescue

Matteo Renzi, Italy’s centre-left prime minister, is facing a political backlash over the €3.6bn rescue of four small banks last month, after thousands of retail investors who lost money in the deal have mounted increasingly vocal protests, the Financi ...

Daily Headline - global.abi.org - 12/10/2015 - 22:52 - 0 comments

Italy to Get $4.4 Billion in Proceeds from Tax Amnesty

The Italian government will pocket over €4 billion ($4.4 billion) in proceeds from a tax amnesty it launched as part of a broad crack down on Italian money stashed abroad, The Wall Street Journal reported. The additional money will be a boon for the ...

Daily Headline - global.abi.org - 12/09/2015 - 21:39 - 0 comments

Italy’s Bad Debts: Burden-Sharing

Banks in Italy fared better during the financial crisis than many of their peers, sparing Italian taxpayers the bail-outs their counterparts in other countries had to shoulder. But although they stuck to their cautious business models and avoided fuellin ...

Daily Headline - global.abi.org - 11/26/2015 - 21:03 - 0 comments

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