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Giuseppe Fonte

Mar 20 2017

Italy gives final approval to Intesa funding of Russian oil deal

ROME Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company, after checking to ensure the deal did not breach sanctions.

Feb 17 2017

Italy court seeks $4.4 billion from Treasury executives, Morgan Stanley over derivatives

ROME Italian audit court prosecutors said on Friday they are seeking damages of 4.1 billion euros ($4.36 billion) from Treasury officials and U.S. bank Morgan Stanley over derivatives contracts.

Feb 14 2017

Italy in talks with EU over possible 5-billion euro state bailout for Veneto banks-sources

ROME Italy is in talks with European authorities over a possible 5-billion euro (4.24 billion pounds) state bailout of two Veneto-based regional lenders, two sources close to the matter said on Tuesday.

Dec 23 2016

Italian government rides to rescue of stricken bank Monte dei Paschi

ROME The Italian government approved a decree on Friday to bail out Monte dei Paschi di Siena after the world's oldest bank failed to win investor backing for a desperately needed capital increase. | Video

Dec 23 2016

Italien rückt zu Feuerwehreinsatz in Bankenkrise aus

Rom/Mailand Italien entschärft die Bankenkrise mit einer milliardenschweren Rettungsaktion und bewahrt das Institut Monte Paschi mit Steuergeld vor dem Aus.

Dec 22 2016

Monte dei Paschi says capital increase failed

MILAN Monte dei Paschi di Siena said on Thursday its plan to raise on the market 5 billion euros ($5.2 billion) in capital by the end of the year had failed, paving the way for a state bailout of Italy's third-largest bank. | Video

Dec 21 2016

Italy lawmakers approve 20 billion euro plan to prop up banks

ROME/MILAN Italy's parliament gave the green light on Wednesday for a 20 billion euro ($20.8 billion) plan to prop up the country's weaker banks, starting with a bailout as early as this week for the third largest, Monte dei Paschi di Siena .

Dec 15 2016

Italy prepared to pump 15 billion euros into ailing banks: sources

ROME/MILAN Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail.

Dec 12 2016

Italy ready to bail out Monte dei Paschi if needed: Treasury source

ROME Italy is ready to pump capital into Monte dei Paschi di Siena if the ailing bank fails to get the 5 billion euros ($5.3 billion) it needs to remain in business from private investors, a Treasury source said on Monday.

Dec 07 2016

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

ROME 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 hand in his resignation.

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