Italy

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How Italian Banks are Disadvantaged by New MREL Rules

It’s hard to be a confident investor in Italian bank debt. The recent rescues of Monte Paschi di Siena, Popolare Vicenza, and Veneto Banca are simply the latest reasons over the past few years. Markets have responded by cutting off bond funding to Italia ...

Daily Headline - global.abi.org - 07/23/2017 - 21:57 - 0 comments

Easy Money Saved This Italian City. Soon, It Will Run Out

As Europe’s era of easy money slowly draws to a close, the talk in Frankfurt and London is of bond yields, exchange rates and core inflation. In this medieval city at the foot of the Apennines, it’s all about trains. A stimulus program by the European Ce ...

Daily Headline - global.abi.org - 07/20/2017 - 21:23 - 0 comments

Early disclosure of business crisis in Italy

When a company begins to show signs of crisis, all parties involved are trying to sweep the dust under the carpet. Yet in Italy a warning system for financial crisis, especially conceived for small- and medium-sized companies, exists, it works, but it ...

Resource Article - twallace@abiwor... - 07/14/2017 - 13:15 - 0 comments - 1 attachment

Bank of Italy Says Any State-Backed 'Bad Bank' Should Be Voluntary

Bank of Italy Governor Ignazio Visco welcomed on Wednesday a European Union proposal to set up state-backed vehicles to buy bad loans off banks, but said participation should be voluntary, the International New York Times reported on a Reuters story. ...

Daily Headline - global.abi.org - 07/12/2017 - 22:24 - 0 comments

How Fixing Italy’s Banks Is Helping Europe Heal

Italian banks are out of the emergency room. There is a long convalescence ahead, but it is good news for the recovery of Europe as a whole. The healing under way in Italy and elsewhere is making room for new lending, which can help to fuel economic grow ...

Daily Headline - global.abi.org - 07/10/2017 - 22:06 - 0 comments

Bank-Disposal Chief Says Italy Aid Shows Failure-Rule Flaws

Bank failures in Italy and the drawn-out rescue of Banca Monte dei Paschi di Siena SpA revealed the frayed edges in Europe’s patchwork of rules for dealing with firms in crisis, and fixes are needed to make the system work as intended, according to Elke ...

Daily Headline - global.abi.org - 07/09/2017 - 22:07 - 0 comments

EU Approval of Monte Paschi Restructure Paves Way for State Control

Banca Monte dei Paschi di Siena has confirmed the European Commission has given formal approval for its five-year restructuring plan, a move paving the way for the Italian state to take over the lender. The backing by the EU starts a precautionary recapi ...

Daily Headline - global.abi.org - 07/05/2017 - 22:08 - 0 comments

Paschi Rescue Said Set to Gain Final EU Approval This Week

The state-backed rescue of Banca Monte dei Paschi di Siena SpA may be approved by the European Commission as soon as today, completing a six-month review of the restructuring of the world’s oldest bank, according to people familiar with the matter. EU ap ...

Daily Headline - global.abi.org - 07/04/2017 - 20:36 - 0 comments

Padoan Defends Italy's Use of Taxpayers' Money to Wind Up Two Banks

Finance Minister Pier Carlo Padoan on Thursday defended Italy's closure of two failed regional banks using public funds, saying the costs pale in comparison with the large sums that Germany and Britain pumped into their banks after the financial cri ...

Daily Headline - global.abi.org - 06/29/2017 - 22:29 - 0 comments

North v South: Italy’s Foreign Investment Gulf

Italy’s north-south disparity is one of its best-known economic problems — but awareness of the issue does not seem to make it any easier to solve. As the eurozone economy recovers, the Financial Times has analysed greenfield investment data for Italy, o ...

Daily Headline - global.abi.org - 06/29/2017 - 22:32 - 0 comments

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