BARI, July 20 An Italian criminal probe into possible rigging of the benchmark Euribor rate is focusing on Italian banks only, an investigative source told Reuters on Friday, adding that no lender was currently under investigation.
The Euribor, the euro-priced counterpart of the scandal-hit Libor bank-to-bank lending rate, is set by a panel of 43 banks. Four Italian banks - UniCredit, Intesa Sanpaolo , Banca Monte dei Paschi di Siena and UBI Banca - are in the rate-setting panel
Fininvest says to challenge ECB decision on Mediolanum stake in court
MILAN, Oct 28 Italy's Fininvest said on Friday it will challenge in court a decision by the European Central Bank that could force it to reduce its 30 percent stake in asset gatherer Banca Mediolanum.
Fitch Revises 4 Italian Banks' Outlooks to Negative on Sovereign Outlook Revision
(The following statement was released by the rating agency) MILAN/LONDON, October 28 (Fitch) Fitch Ratings has revised the Outlooks of Intesa Sanpaolo (IntesaSP), Credito Emiliano (Credem), Mediobanca and Banca Nazionale del Lavoro (BNL) to Negative from Stable while affirming their Long- and Short-Term Issuer Default Ratings (IDRs). A full list of rating actions is available at the end of this rating action commentary. The four banks' Outlook revision to Negative follows the revision of Ita