MILAN Intesa Sanpaolo will offload only up to 50 percent of a 10 billion euro ($11 billion) portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale it is negotiating with Prelios, three sources familiar with the matter said.
MILAN, May 9 Mediobanca is looking at Julius Baer's Italian asset manager Kairos as part of plans to expand its wealth management business, the bank's CEO said on Thursday.
TURIN, Italy A rescue plan for Italy's Carige by U.S. asset manager BlackRock would allow a fund financed by Italian lenders to take part in a cash call at the Genoa-based bank, the chief executive of Intesa Sanpaolo said on Tuesday.
MILAN Italy's biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, years when financial crises dragged down banks and several European countries.
MILAN, April 11 Italy's biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, years when financial crises dragged down banks and several European countries.
- von Andreas Framke und John O'Donnell und Gianluca Semeraro
MILAN, March 25 U.S. funds Varde Partners and BlackRock plan to submit rival bids for troubled Italian lender Banca Carige by mid-April, three sources close to the matter said on Monday.
MILAN Italy's top insurer Generali said it was ready to look around for growth opportunities in Europe, Asia and the U.S. on Thursday and said it was well positioned to achieve the targets it set in November for the years until 2021.
MILAN Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market listing, its chief executive said.
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.
Iran said on Monday U.S. cyber attacks on its military had been a failure, while also hinting that it could be willing to discuss new concessions with Washington if the United States were to lift sanctions and offer new incentives.