MILAN Italian banks are set to fund the bulk of a 900 million euro ($1.01 billion) rescue plan for troubled regional lender Carige in a last-ditch attempt to avert liquidation, three sources close to the matter said.
ROME/MILAN Italy is struggling to pull together a rescue plan for Carige which the troubled Genoa-based bank needs to avoid a liquidation, two sources familiar with the matter said.
ROME/MILAN, July 8 Italy is struggling to pull
together a rescue plan for Carige which the troubled
Genoa-based bank needs to avoid a liquidation, two sources
familiar with the matter said.
MILAN Telecom Italia (TIM) is considering an option to merge its optic-fiber broadband unit, Flash Fiber, with rival Open Fiber as it looks for ways to create a national broadband network, two sources familiar with the matter said.
ROME A rescue plan for ailing Italian Carige funded by rival lenders alongside public and private investors will involve a larger-than-planned capital injection of around 800 million euros, a source with knowledge of the matter said.
ROME Italy's banking fund FITD said on Monday it had rejected a rescue plan presented by a private equity fund for ailing lender Banca Carige.
MILAN/ROME Italy's sovereign wealth fund is maneuvering to pull off a multibillion-euro telecoms merger and end a prolonged corporate stalemate that has held up Rome's plans to create a national broadband network, sources say.
ROME, May 31 The Bank of Italy warned on Friday
that the country's $2.6 trillion of debt may swell this year by
more than the government forecasts and called for "credible"
measures to curb it.
ROME/MILAN Italian state lender Cassa Depositi e Prestiti (CDP) is set to tighten its grip on payment services group SIA, increasing the chances of a potential tie-up with SIA's bigger rival Nexi at a later stage, sources said on Wednesday.
ROME Italian banks will not step in to plug a capital shortfall at regional lender Banca Carige after U.S. fund manager BlackRock pulled out of a planned rescue bid, sources said, making a state bailout for the bank more likely.