Italy's insolvent bank du jour, Banca Carige which was halted on Monday due to events profiled earlier has gotten a last minute lifeline, and after it was unable to raise €400MM in capital in the bond market, it received a €320MM liquidity injection from Italy's Interbank fund, which plans to purchase €320m of Carige bonds, ZeroHedge reported.

The Central Bank of Ireland opted not to change capital requirements on six institutions deemed to be of systemic importance to the Irish economy, The Irish Times reported. A review of what are known as “other systemically important institutions” (O-SII) was consistent with the 2017 review and therefore didn’t require any new policy changes, the bank said on Monday. Bank’s considered “too big to fail” include Bank of Ireland, AIB, Citibank Holdings Ireland, Ulster Bank Ireland, Depfa Bank and Unicredit Bank Ireland.

Field is seeking to obtain, in private, "further details" of the Insolvency Service's investigation around the 2016 collapse of BHS, including learning more about a pre-sale audit of the high street giant, Professional Pensions reported. It comes after details emerged in June of a £6.5 million fine levied by the Financial Reporting Council (FRC) against auditor PwC for its 2014 audit of Green's Taveta Group accounts.

A group of countries including the US, Brazil and China has objected to EU plans for splitting up sensitive import quotas with Britain after Brexit, in the latest sign of how big trading powers are stepping up their demands about how the UK’s departure should be handled, the Financial Times reported.

Toshiba Corp. said Thursday it would liquidate its U.K. nuclear business and sell its U.S. natural-gas business, taking a combined loss of nearly $1 billion. The moves are intended to clear away legacy problems after Toshiba went through waves of restructuring in the past three years that included the bankruptcy of its former Westinghouse Electric business in the U.S., The Wall Street Journal reported. The U.K. business—NuGeneration Ltd., known as NuGen—had sought to build what was planned as Europe’s largest new nuclear project in northwest England.

Mario Draghi has faced accusations of sending “ransom notes” and “diktats” to eurozone governments during a heated hearing at the Irish parliament, which represent the latest attack on the European Central Bank from lawmakers in the single currency area, the Financial Times reported. Mr Draghi was speaking to a parliamentary committee in Dublin on Thursday, where the ECB’s role in the country’s financial crash almost a decade ago remains deeply controversial.

Italy was quick to rebuff the European Commission’s latest criticism of its budget, accusing it of sloppy and outdated analysis, Bloomberg News reported. Shortly after the European Commission published its latest forecasts for Italy, most of which were more pessimistic than the government’s, Finance Minister Giovanni Tria said the numbers come from an “inadequate and partial analysis.” He added that the EU ignored “clarifications provided by Italy.” Rome’s unusually strong response included another refusal to change its budget targets, despite demands from the EU.

UniCredit SpA Chief Executive Officer Jean-Pierre Mustier’s turnaround plans hit a last-minute hurdle after the bank cut key targets and took a charge related to its Turkish bank, Bloomberg News reported. The lender surprised investors with an 850 million-euro ($972 million) charge to revalue Istanbul-based Yapi Kredi Bankasi AS and said it’s increasing funds to cover a potential settlement related to U.S. sanctions over Iran. The Milan-based bank also lowered targets for revenue and a key measure of financial strength this year and next, while keeping its 2019 profit target intact.

The state appointed commissioners running Alitalia will complete their examination of the proposals received for the sale of the company next week, a source close to the matter told Reuters on Thursday. The commissioners for the Italian carrier said last week they had received two binding offers and one non-binding expression of interest, but gave no details of the bids, Reuters reported.

Insurer FBD Holdings’ original backer subscribed for €20 million worth of loan notes used in clearing a €70 million debt to Canada’s Fairfax Financial Holdings, The Irish Times reported. Farmer Business Developments plc, FBD’s founder and one of its biggest shareholders, confirmed that it subscribed for €20 million of the €50 million loan notes used in the insurer’s recent restructuring. This allowed FBD to buy out Fairfax’s loan, which the Canadian group could otherwise have converted to shares.