On reimbursements to savers injured in failed banks, the European Commission seeks to safeguard the principles of fairness and justice in reparations made with public money. Prime Minister Conte and the deputies Di Maio and Salvini instead act by virtue…
The decree on refunds to savers damaged by the collapse of the Veneto banks risks running into a veto from the EU. The government flaunts security but savers themselves are starting to worry about the ruthlessness of Salvini and Di Maio - There are…
The executive wants to increase the fund by 400 million for the reimbursement of savers damaged by the crises of the Veneto banks (Popolare di Vicenza and Veneto Banca, later taken over by Intesa Sanpaolo), and of the four local banks Banca Marche, Cariferrara, Banca Etruria…
Intesa Sanpaolo will proceed with the cancellation of 9,3 billion bonds issued by Banca Popolare di Vicenza and Veneto Banca, at the same time renouncing the state guarantee on them.
The statistical institute has released updated data on the public accounts for the fourth quarter of 2017. The deficit/GDP rose from 1,9 to 2,3%. The debt/GDP ratio has also been revised upwards. The new numbers record Eurostat accounts on the incidence of the bailouts of…
The sale of a stock of NPLs, cost cutting and an increase in revenues to keep dividends high will be at the heart of Intesa Sanpaolo's new plan which will increasingly project the group led by Carlo Messina onto the promising…
The head of Via Nazionale's Supervision, replying to Consob's accusations, explained to the Parliamentary Commission of Inquiry that the Bank of Italy had no obligation to communicate the results of the inspections on the procedures for defining the share price.
The director general of Consob, in a joint hearing with the head of Supervision of the Bank of Italy before the parliamentary commission on banking crises, also affirms the Commission received from Via Nazionale in 2013 incomplete information to evaluate the price…
Interview with GIOVANNI SCHIAVON, former president of the Court of Treviso and founder of the Veneto Banca Shareholders' Association - "There are many doubts about the statements of the head of Supervision of the Bank of Italy but the most important point concerns the function of the Bank…
The 8 billion substandard loans raise concerns: "We can imagine what the impact would be if they all went into non-performing positions" commented the liquidator. Meanwhile, Pop Vicenza is about to sell the subsidiary Farbanca, while Veneto Banca has started negotiations for…
The number one of the Supervisory Authority of Via Nazionale in the commission of inquiry into the banks: "It was Bank of Italy that realized that the recapitalizations made by the two Venetian banks to fill the shortfall were irregular" - The directors "have repeatedly withheld important information"…
From the most recent events to those that occurred previously, following a chronological path that will reach the four banks placed in resolution by the Government in November 2015, namely Banca Etruria, Banca Marche, Carichieti and Carife, three of…
For the crimes of market manipulation and obstacle to supervisory activities, the bank in liquidation is also called into question, under investigation on the basis of the law on the administrative liability of entities.
The president of the Foreign Affairs Commission will lead the commission that will investigate the Italian banking system - The institutions that have experienced the deepest crises are at the center of attention.
After the crisis of Banca Popolare di Vicenza and Veneto Banca, the region's credit is now effectively in the hands of the 4 major national institutions, while the CCBs are increasingly weak - The perverse interweaving between industry…
Direct deposits grew by 9,7% and operating costs fell by 4,4% but Banca Popolare di Bari closed the first half of 2017 with a loss of 2,6 million euros due to the write-down of…
The technical service of the Senate doubts that the recovery of problem loans by Popolare di Vicenza and Veneto Banca can reach 47% as happened at the time of the Banco di Napoli - And doubts also remain about the recovery times
Including the public contribution for the acquisition of the Veneto banks in the accounts, the half-year net profit jumps to 5,2 billion euro - but the effect is accounting - In the 2nd quarter, the profit stands at 837 million, clearly above Analyst Consensus…
The Senate approved with 148 yes, 91 mo and no abstentions the measure on which the government had asked for confidence - The path towards compulsory liquidation begins - Zeroing of shares and subordinated bonds, compensation envisaged for…
Ok from the Finance Commission to the decree, tomorrow the vote in the Senate - Preliminary investigations into Pop Vicenza closed, former president Zonin among the suspects - Government commitment to harshly sanction managers who commit crimes and…
During the hearing before the Senate Finance Commission, the Economy Minister says he is in favor of a rule on the responsibilities of directors in banking crises - With the bailout of Mps and Veneto banks, the perceived risk on…
Telecom collapses: Cattaneo-Vivendi divorce is without recovery - GDP, Bank of Italy raises estimates: +1,4% in 2017 - Veneto banks, agreement between Intesa and trade unions on 4 redundancies - Fire alarm: the army in the field - Bonucci at Milan it's official: goodbye Juve after...
The agreement provides for 4 voluntary early retirements in the former Veneto Banca and Banca Popolare di Vicenza, of which at least 31 by 2017 December XNUMX. The first exit window is set for XNUMX October this year. Save the treatments…
Meanwhile, the unions and Intesa Sanpaolo have reached an agreement on the redundancies from Popolare di Vicenza and Veneto Banca.
Recovery and bank bailouts, Visco: "Italy is no longer at risk" - The "dove" Yellen relaunches the stock exchanges and Piazza Affari celebrates - Pop Vicenza and Veneto Banca: the Chamber agrees to trust - Sicily fires: Catania and San …
The time needed to reach the final vote is lengthening, which could be postponed to tomorrow afternoon, July 13 or Friday - Subsequently, the decree, expiring on August 24, will be examined by the Senate. - Messina: "The only…
New emails increase the risk of impeachment for Trump - The number one of the Fed, who will be replaced in the spring by Gary Cohn, explains to Congress the strategy for raising rates - Today, the vote of confidence in the House…
We publish the complete text of the speech by the honorable Giampaolo Galli (Pd) in the Chamber on the decree on Veneto banks, which explains why the bailout is not aimed at saving bankers but the community (families, businesses, employees and savers) which wheel…
Since the beginning of the year, Italian banks have staged a mini-rally on the Stock Exchange, even doubling the performance of the Ftse Mib - The best so far is Ubi Banca thanks to the purchase of the three good banks at a symbolic price - Up…
Piazza Affari queen of the Stock Exchange: the Anima-Banco Bpm pole and the utilities shine - Veneto banks, OK Antitrust to rescue - Marina Berlusconi does not enter politics - Lega: Bossi sentenced to 2 years and 3 months - Renzi: nothing…
The Authority does not intend to launch an investigation, considering the "proven lack of interest in the acquisition of the business branches in question by other market operators"
The government withdraws the amendment to the decree because it risked inadmissibility. The work in the House Finance Committee continues
The Milan Stock Exchange closed the first six months of the year with an increase, but in 2017 the most glittering European Stock Exchange is that of Athens (+28%) - Today the decree on Veneto banks begins its journey in Parliament - Spotlight…
The vice-president of the EU Commission, Valdis Dombrovskis reiterates that the state aid used for the Veneto banks will be considered as a one-off charge - Padoan defends the orderly liquidation: "The burden pales in comparison with the hundreds of billions used by…
Milan down with cars and utilities: it's the worst stock exchange in Europe - Consip: prosecutor Woodcock and Sciarelli under investigation - Hacker attacks all over the world, even Chernobyl at risk - Google, record fine from the EU: 2,4 billion for violation rules…
The scenario of the Ministry of Economy is contained in the technical report to the decree law passed on June 25th - The surplus would be possible with recoveries between impaired loans and equity investments.
The bank is out of the Veneto Banca business that will be acquired by Intesa Sanpaolo and is "continuing regular operations," the Bank of Italy said. The market is betting on the sale of 100%, rumors about the interest of some private equity funds
The CEO of Intesa Sanpaolo recalls that his bank's "was the only complete offer" to save the Veneto banks, without which 10 billion of public money would have gone up in smoke - "Only voluntary exits and no layoffs for…
The market appreciates the bailout of the Veneto banks and rewards Intesa Sanpaolo (+3,5%) which drags on all bank stocks and pushes Piazza Affari upwards (+0,8%) - Exploit also by Yoox (+8,7% ) - Sales on Stm and Telecom Italia…
This was stated by the Deputy Director General of the Bank of Italy, Fabio Panetta: "It is not true that last year we could have done better and at lower costs. Far from it: there would have been a bloody bail-in".
Piazza Affari returns above 21.000 points with the exploit of all bank stocks starting with Intesa which gains more than 4% - The European Food and Beverage sector advances by more than 2% after the Nestlé revolution…
The operation on the Veneto banks gives Intesa wings, which is close to 4% and drives the entire banking sector. Paolo Gentiloni on the field rejects the criticisms of the operation: "It's not a gift to the banks, I hope the recovery of the 5 billion". AND…
The stock runs in Piazza Affari after the agreement on the Veneto banks
In the rescue operation that will mobilize 17 billion euros, the Treasury recognizes 5,2 directly to Carlo Messina's bank
The Council of Ministers has approved the decree which allows Intesa Sanpaolo to immediately take over the sound assets of the Veneto banks without going through the bail-in and separating the NPLs which will be grouped into a bad bank paid by the…
FROM THE GLOSSARY OF FINANCIAL EDUCATION "Words of economics and finance" by the Global Thinking Foundation - The case of the Veneto banks brings bonds back to the scene: but are they really safe? Here are all the types of bonds, with risks and…
Save account holders, debtors and senior bond holders, shareholders and junior bond holders at risk - Here's what could happen with the orderly liquidation of Veneto Banca and Popolare di Vicenza.
Piazza Affari resets yesterday's gains but Intesa holds up - Pop Vicenza and Veneto Banca: all the stages of the operation Intesa - Competition: the law is back on the high seas, Calenda's wrath - Air France is back: it wants Alitalia for…
After the willingness expressed by the bank led by Messina to take over the two Veneto banks, the problems related to the completion of the operation (from NPLs to redundancies) remain to be resolved, starting with the decree which must give legal form to state intervention for…
According to the Stock Exchange, the operation on the Veneto banks is advantageous for Intesa Sanpaolo - BTPs at their lowest since January and spreads still down - Utilities shine in Piazza Affari - Spotlight on Leonardo and Autogrill - The…
Intesa Sanpaolo: yes to the purchase of Pop Vicenza and Veneto Banca - Banks and the Stock Exchange fly after Intesa's yes to the Veneto banks - Banks, commission of inquiry at the start - Bearer passbooks: from 4 July they will be banned - France:…
The green light of the bank led by Carlo Messina for the partial purchase (without Npl) of Pop Vicenza and Veneto Banca without affecting assets and total dividends changes the mood of Piazza Affari (+1,26%) and gives sprint to bank stocks - You make on…
The board of directors unanimously approved the willingness to partially acquire Pop.Vicenza and Veneto Banca on condition that the operation is totally neutral with respect to the Common Equity Tier 1 ratio and the Intesa Sanpaolo Group's dividend policy - Non-performing loans…
For Popolare di Vicenza and for Veneto Banca the paradigm changes and we are moving towards a solution that recalls the precedent of the sale of the Good banks: the bank led by Carlo Messina, who senses the deal, is in pole position for…
The collapse in the price of crude oil sends all oil stocks and share lists around the world into the red - Milan is also down, losing almost 1% despite the excellent performance of fashion and luxury stocks…
The Treasury is changing the paradigm for the rescue of the two Veneto banks on the model of the four Good banks previously in resolution - Go for a bad bank with all the NPLs and consequent reduction of the capital increase: but it's necessary…
The Italian telephone company clashes with the Government over investments in fiber, while its main shareholder prepares to freeze its stake in Mediaset and appeals to the TAR - New records on Wall Street and the Stock Exchange…
Interest rates and political uncertainties also dominate the financial markets and high tech stocks dance - Atlantia ready to pay Abertis cash - Keep an eye on this afternoon's Council of Ministers which could hold surprises for the bailout…
The bank of Montebelluna seems oriented to regularly repay the 150 million bond maturing on June 21st but with all the precautions that avoid revocatory actions at the expense of the administrators - Furthermore, Veneto Banca started the action yesterday…
USA, shooting: a Republican deputy injured - The dollar falls and zeroes the stock market gains - Rossi (Bank of Italy): "Italy pays the highest price of the bail in" - Pop Vicenza and Veneto Banca: no bail-in and recapitalization nearest…
Tonight the Fed will announce its rate decisions but Wall Street is ahead of the game and sets new records - Btp sprints and declining spreads after the glimmers of rescue for Popolare Vicenza and Veneto Banca - Insurance companies in…
Two binding declarations by Minister Padoan and the European Commission ("No bail-ins and guarantees for depositors and senior bonds") restore confidence in Popolare di Vicenza and Veneto Banca, which today meets the board of directors and must decide whether to repay or…
Optimism regarding Veneto banks relaunches Piazza Affari - Brexit, Schaeuble opens to the UK: "If you think again..." - Social and early Bees: decrees in the Gazette by Friday - Cipolletta (Assonime): "Less personal income tax and more VAT" - Assolombarda wants to make count of…
Glimmers of solution for the bail-in-free rescue of Popolare di Vicenza and Veneto Banca give sprint to the entire banking sector of Piazza Affari, which gains 0,6%, also thanks to the boost of Luxottica's exploits - In…
After the openings of Unicredit and Intesa to the capital increase to save the Veneto banks, the banking front is divided: Banca Mediolanum is in favor of the collection, but Mps, Ubi, Banco Bpm and even Cdp try to call themselves out and the…
Minister Padoan's pressing seems to have convinced the top management of the two major Italian banks to contribute to the recapitalization of the Veneto banks on condition that the other banks also do their part to raise the necessary 1,2 billion euros…
Mirko Sanna, financial service director of Standard & Poor's underlines which and how much risks Veneto banks run - Investor perception will be fundamental - A further downgrade of Veneto Banca's rating could cause losses for…
"Any form of eventual resolution of the Veneto banks will be rejected with all strength": claims the former prime minister and secretary of the Democratic Party, Matteo Renzi, in an interview with Sole 24 Ore, in which he urges all the Italian institutions (Government and Bank…
In the Italian banking world, the belief is growing that Brussels is looking for a sacrificial victim of the bail-in and that Veneto Banca is the main suspect - The countdown has already begun: either an agreement is reached between the EU and…
This was stated by the president of Poste Italiane, Maria Bianca Farina: the group already invests 260 million euros in Atlante through Poste Vita.
At the G7, something broke in relations between the USA and Germany, which, under the leadership of Merkel, wants to relaunch EU integration with opportunities and unknowns for Italy - The New York, London and China stock exchanges closed today, but…
The default of the Veneto banks would have effects that go far beyond the banks of Vicenza and Montebelluna and would have repercussions on the entire Italian financial system, putting around 80 billion euros at risk - But to avoid the bail-in…
The board of directors of the Venetian bank has confirmed its restructuring plan and has entrusted the mediation of the Minister of Economy with Brussels to unblock the recapitalization essential for the rescue - The Veneto council is still in progress…
Thursday 25 May 2017 FIRSTonline reached, according to Google Analytics surveys, the new record of page views in a single day: 118.690 - The previous record, set on 28 April 2016, was 90.684 page views -…
The default risk of Popolare Vicenza and Veneto Banca brings bank stocks to their knees and pushes Piazza Affari downwards (-0,37%) on the Chinese thud of Ferragamo - Italgas, Cnh, Stm and Enel go against the trend…
The danger of the definitive sinking of the Veneto banks weighs on the market - In the USA, the Fed and Wall Street will rise in interest rates "soon" while in Europe Draghi assures that for now they will not go up - Oil: today…
No progress for the bailout plan - At this point, the risk of bail-in becomes increasingly imminent if the Government does not intervene to rescue and if private capital is not found- We will talk about it today at…
FINANCIAL EDUCATION - How they work in the event of bank instability - Who finances them and when they intervene - The case of the Veneto banks
North Korea, Trump: "Possible conflict" - Amazon, GdF: "He has evaded 130 million" - Popolare di Vicenza and Veneto Banca: Atlante is preparing the exit - Borsa, Pirelli accelerates: Ipo by 2017 - Samsung, Galaxy S8 and S8+ from today in…
"Atlante will soon no longer be the reference shareholder of these banks", announced the representative of the fund - Approved the 2016 financial statements which recorded billionaire losses - The meeting of the Popolare di Vicenza rejects the liability action against Iorio.
Among the various measures included in the Def there is also an intervention for the precautionary recapitalization of banks in difficulty, for which the document assumes "a use equal to about half of the resources made available with the decree" of ...
Trump: "North Korea is looking for trouble" - Korea hurts the stock exchanges and the banks weigh down Piazza Affari - Veneto Banca and Popolare di Vicenza: repayments of 440 million - G7, sensational own goal against Taormina - Juventus-Barcelona, night …
Amazon reached a price of 906 dollars a share on Wall Street yesterday, setting its all-time high, while Tesla, with a market capitalization of 49,1 billion, threatens GM's sector leadership after having overtaken Ford…
A glimmer of light has opened on the recapitalization of Banca Popolare di Vicenza and on Veneto Banca after the four-way meeting held yesterday in Brussels between the EU Antitrust, the ECB, the Bank of Italy and the Treasury…
Today the Treasury has to respond to the findings of the EU on the reimbursements to shareholders for previous losses: the go-ahead for the capital increase and the entry of the State depends on Brussels - Veneto Banca will formalize the 2016 losses during the day, while…
There is no peace for the Veneto banks: surprisingly, the European Union Competition DG has asked the Treasury for urgent clarifications on the settlement offer to shareholders for the previous losses of the shares, overshadowing the doubt that it may be incompatible with the intervention …
Today the heads of the Venetian banks illustrate to the ECB the conditions of the two institutions and the project to save them but 5 billion of new capital increase is needed: Atlante will not put more resources, hopefully in the green light to the Treasury
Requests for reimbursements from shareholders of Veneto banks exceed 70% to close the dispute over share losses - La Popolare di Vicenza closes its financial statements in deep red
The terms of the settlement offer (Opt) proposed by Banca Popolare di Vicenza and Veneto Banca to the shareholders penalized by the devaluation of the shares in exchange for the waiver of the requests for compensation are officially closed: the transaction with the shareholders has…
The markets are suffering from Trump's pain and the Dow Jones is experiencing the eighth decline in a row but the Asian stock exchanges are reacting - The banking sector remains the center of attention in Piazza Affari and the auctions are restarting for the Treasury...
Danielle Nouy, head of ECB Supervision, opens up to the Sienese bank and does not close the doors to the merger between the Veneto banks, even if she recalls that the matter is in the hands of Brussels
Dollar, Asian markets and futures in sharp decline after the defeat on Obamacare by the American president - Difficult day also for Piazza Affari and spreads in fibrillation - Ferrari celebrates Vettel's victory and aims for 70 euros -…
If within two weeks 80% of the 169 shareholders of Banca Popolare di Vicenza and Veneto Banca have not adhered to the proposal to compensate for the losses suffered, thus eliminating a very significant unknown factor on the bailout, European regulations prevent…
Both banks have established an indemnity equal to 15%, which has been accompanied by commercial offers reserved for those who decide to join the transaction - recognition only in the absence of legal action - The offer will be valid only in…
Week full of important appointments for Italian banks: today Popolare di Vicenza and Veneto Banca have to decide on reimbursements to shareholders who have seen their shares depreciate heavily - Tomorrow Banco Bpm completes the organization chart with…
The Sienese bank communicated that the capital increase operation, launched on Monday 19 December, did not close successfully. Not enough investment orders have been collected to reach the sum of 5 billion euros. Now it's time to…
Today the capital increase of Monte dei Paschi closes and, faced with the market failure, the Treasury is ready to enter the Sienese bank while the Atlante Fund injects liquidity into the Veneto banks - Mediaset's desperate defense of…
Something is finally moving in the Italian banking system: under pressure from the Atlante Fund, Banca Popolare di Vicenza and Veneto Banca have decided to open a technical table to study the feasibility of the merger - Accelerator also for…
The effect of what happened for Popolare di Vicenza and for Veneto Banca is for the Northeast and for our country equal to the shock of the Germans in the face of the Volkswagen scandal - Fortunately, from the decrease in new…
