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Stefano Bernabei

Italian banks ready to avert another Carige funding failure: sources

Jul 17 2019

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.

Italy struggles to come up with Carige rescue plan - sources

Jul 08 2019

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.

Italy struggles to come up with Carige rescue plan -sources

Jul 08 2019

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.

Telecom Italia studies fiber-only option for broadband merger: sources

Jun 25 2019

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.

Carige needs bigger cash injection under latest rescue plan: source

Jun 25 2019

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.

Italian banks reject Apollo's rescue plan for Carige

Jun 24 2019

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.

Italy pushing telecoms merger to break broadband logjam: sources

Jun 21 2019

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.

UPDATE 2-Bank of Italy warns public debt could rise more than forecast this year

May 31 2019

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.

Italy's CDP to up stake in payment services group SIA: sources

May 29 2019

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.

Italian bank fund won't plug entire Carige capital hole: sources

May 13 2019

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.

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