Bank of Italy

Italian Banks Face a Bailout Following a Surmounting Bad Loans

Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.

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ECB's Visco says deflation fears eased but asset purchases must go on

The European Central Bank must continue its asset-purchasing program to ensure that euro area inflation returns to target levels, despite signs that deflation fears have eased, ECB governing council member Ignazio Visco said on Tuesday.

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Pop Milano sits pretty as Italy cooperative banks brace for M&A

At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM) (PMII.MI) and find it a partner as Italian cooperative lenders gear up for a wave of mergers following a landmark reform of the sector.

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Italy economy minister eyes "bad bank" to clean up risky loans

Italy is considering setting up a state-backed "bad bank" to help clean up its banking sector, Economy Minister Pier Carlo Padoan said in a newspaper interview on Sunday.

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Italy cheers ECB bond buying plan, sees big boost to economy

The European Central Bank's bond buying program will give a decisive boost to Italy's stagnant economy, business lobby Confindustria said on Saturday, while the Bank of Italy said it would make it easier to pass reforms.

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Businessman says investors willing to help Banca Marche

Marche businessman Francesco Merloni said investors were willing to put capital in Banca Marche.

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Changes mandated by Italian regulators imposed on Banca Carige

Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.

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Communication is key in exit strategy, ECB’s Visco

Visco of ECB stressed the importance of communication in an exit strategy.

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