Friday 23rd December 2016 saw the completion of the acquisition by SIA of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals ... Read More
Italy’s government has set up a backstop fund to shore up troubled banks, setting the stage for the rescue of troubled Italian lender Banca Monte dei Paschi di Siena ... Read More
A €20bn (£17bn) rescue fund for Italy’s banking sector has been approved by the country’s parliament, heralding a bailout of the world’s oldest bank, Monte dei Paschi di Siena ... Read More
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out ... Read More
In 2015, 28.7% of the Italian resident population was at risk of poverty or social exclusion, in accordance with the definition adopted for the Europe 2020 Strategy. The indicator ... Read More
Monte dei Paschi bailout this weekend could trigger crisis in Italian banking Bankers are running out of private-sector solutions for Monte dei Paschi di Siena and have told the ... Read More
The Italian parliament on Wednesday gave its final approval to the government’s 2017 budget, which has irked the European Union, paving the way for Prime Minister Matteo Renzi to ... Read More
The world’s oldest operating bank is racing to avoid a government bailout. Italy’s Monte dei Paschi di Siena (BMDPF) is trying to salvage a rescue plan that would see ... Read More
The euro steadied on Tuesday, having bounced from a near 21-month low set the previous day after Italian Prime Minister Matteo Renzi’s loss in a referendum over constitutional reform, ... Read More
Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for ... Read More
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