Italy

SIA

SIA completes acquisition of Unicredit emoney activities in three European countries

28/12/2016(0)
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
monte-dei-paschi-di-siena

Italy creates $20 billion fund to back troubled banks

24/12/2016(0)
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
monte-dei-paschi-di-siena

Italy to bailout Monte dei Paschi di Siena bank with €20bn rescue fund

22/12/2016(0)
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
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena

Italy seeks to borrow 20 bln euros to prop up banking sector

20/12/2016(0)
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
istat

Almost half of Southern Italians at risk of poverty

08/12/2016(0)
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
matteo-renzi

The world’s oldest bank survival may trigger deep crisis in whole Europe

08/12/2016(0)
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
Italian PM Renzi speaks during a media conference after a referendum on constitutional reform at Chigi palace in Rome

Italy passes 2017 budget, paving way for PM Renzi’s resignation

07/12/2016(0)
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
Monte dei Paschi bank

Can the world’s oldest bank survive Italy’s upheaval?

06/12/2016(0)
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
A two Euro coin is pictured next to an English ten Pound note in an illustration

Euro steadies after short-covering rally, eyes on ECB and Italy

06/12/2016(0)
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-referendum

What to know now following Italy’s “NO” result and Renzi resignation

05/12/2016(0)
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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