MILAN/LONDON, March 1 Italian state lender Cassa
Depositi e Prestiti (CDP) has hired senior Citigroup
banker Pierpaolo Di Stefano to oversee a growing portfolio of
equity investments in the eurozone's third largest economy,
sources familiar with the matter told Reuters.
GENOA, Italy Temporary administrators of Banca Carige said they had to find a buyer by April for the Italian bank, after unveiling a 630 million euro (£540 million) capital shortfall.
* ECB to decide in April bank's fate in absence of binding
MILAN, Feb 25 Italian mid-sized bank Creval
said on Monday that its chief executive Mauro Selvetti
had resigned and would be replaced by chairman Luigi Lovaglio,
as shareholders seek a change of strategy.
MILAN An ageing population and struggling state finances could turn into an unlikely boon for Italy's banks, which have turned to a growing market for insurance to brighten their prospects.
MILAN, Feb 1 Italian banking service provider
Nexi will hire 13 banks to run what could be Italy's biggest
initial public offering in three years, sources with knowledge
of the plan said.
MILAN/DAVOS Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian lender.
MILAN/MADRID An estimated 170 migrants have been lost in the Mediterranean in two incidents involving dinghies that left from Libya and Morocco, migrants organisations said on Saturday.
MILAN, Jan 18 An upcoming state-backed bond by
Italy's troubled lender Banca Carige is expected to
top 1 billion euros ($1.14 billion), three sources familiar with
the matter told Reuters.
MILAN, Jan 15 Many Italian banks are
struggling to borrow on the private markets and want European
Central Bank (ECB) help as they seek more than 55 billion euros
($63 billion) in funding this year.