Mps: EU gives green light to bad bank and shares take off
The Sienese bank has received the authorization from commissioner Vestager for the spin-off of 10 billion in non-performing loans: "It is not state aid".
Deutsche Bank cuts 18 jobs and prepares big bad banks
The German banking giant announces a horse cure to attempt a relaunch: goodbye to 20% of the workforce and go to the bad bank which will flow assets for 74 billion - No sacrifice for shareholders
Deutsche Bank prepares a 50 billion super "bad bank".
According to the Financial Times, it will be a "non-core assets" division and will contain mainly long-term derivatives - Also expected a sharp reduction in trading activity outside continental Europe
Banca Popolare Bari: wedding yes but on par
The largest bank in the South does not rule out a partnership with another Popolare as long as it takes place on an equal footing and is preparing to launch the new business plan which aims to modernize the business model with a reorganization which also envisages a bad…
Banks, Cassa di Risparmio di San Marino close to cracking: the plan to avoid it
2 billion npl and 537 million losses, the plan to save Carisp starts here - The government announces a "truth" operation - The creation of a bad bank, capital injections and liability actions against…
Recovery and bank bailouts, Visco: "Italy is no longer at risk"
ABI MEETING - The Governor of Bank of Italy: "Public bad bank is useful, but NPL purchases at real values" - "MPS recapitalization by early August" - "Bank profitability to zero in 5 years. Salary cut necessary" - Patuelli: "Aggregations For…
Unipol, Moody's plans to raise ratings
The Bologna-based group is under observation by the American rating agency, in particular as regards those referring to long-term and senior unsecured debt. The establishment of the bad bank, according to Moody's, will have a marginal impact on the capital of…
Unipol launches bad bank and takes to the Stock Exchange
The insurance-banking group has announced the reorganization of its banking sector (Unipol Banca) with the creation of a bad bank into which 3 billion bad loans will flow. The CEO Carlo Cimbri: "The impact of the announced operations will be nil for the group". Confirmed…
Bper: ok EU to sell New Carife
According to the European Commission the selection process was "competitive and does not involve state aid". The cases of Carichieti, Banca Etruria, Banca Marche.
Pop Vicenza and Veneto Banca: no merger, but bad bank
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…
Alitalia, Messina: "Never again in the capital"
The CEO of Intesa Sanpaolo said it in an interview with the Borsen-Zeitung - Sugli Npl in another interview with Les Echos: "A bad bank would be useless now. If anything, a European 'bad bank' had to be created , it had to be…
Good Banks, Ubi and Bper are getting closer
Ubi and Bper are now one step away from the definitive purchase of the Good Banks because a pool of banks is raising funding for the Rev, the bad bank of the banks under resolution, which will allow the repayment of the funds obtained from…
The honeymoon with Trump ends, alarm on Btp and banks
Wall Street turns its back on the new US president while German inflation puts pressure on BTPs, spreads and Italian banks - Mustier cleans up Unicredit and losses rise to 12 billion on the eve of the capital increase - Hypothesis…
Banks, Eba: we need 1000 billion bad banks
The European Banking Authority supports the creation of a band bank in which to transfer the non-performing loans of the banks of the old continent, for a total amount of 1.000 billion euros. The bail in would remain
Micossi: systemic risk for banks, Governments and EU wake up
The wrong retroactive effect of the bail-in has created a systemic risk that has its center in the banks and is destabilizing the markets - European governments should announce a public guarantee of bank liabilities and the European Commission should…
Bcc and bad bank, green light for reform. Deferred refunds
The CDM has approved the decree which includes the reform of the CCBs, the transposition of the EU agreements for impaired loans, bad banks and adjustments to bankruptcy law - The criteria for repayments to savers have been postponed…
EU, green light to the bad bank: "It's not state aid"
If a member state of the EU intervenes as a private investor would do and obtains a remuneration for the risk assumed equivalent to that which the private investor would have accepted, the intervention does not constitute state aid: this is how the Commission decided…
Hot banks between Bcc, bad bank and Tar
Very hot days for Italian banks, always in the sights of the Stock Exchange, which during the week await the government reform for the CCBs and for the implementation of the European agreement on bad banks, the Unicredit accounts, the definitive pronouncement of the TAR on…
Cazzola: "The bad bank reminds me of the agricultural amnesty"
"Reading the chronicles of the bad bank operation - says Giuliano Cazzola, a pension expert - an experience came to my mind, in which I took part in the role then held as president of the INPS Board of Statutory Auditors: the securitization affair credits…
Black Thursday in Piazza Affari: the banks overwhelm the stock market (-3,49%)
The disappointment for the Italian-style bad bank and for the postponement of the decree on the Government's banks sinks bank stocks, especially of the Popolari, which in some cases leave more than 7% in the field - Piazza Affari loses 3,49%…
Italian bad bank, the market wants to see the numbers. Pros and cons of the bad debt agreement
The agreement only provides the parameters of the operation but does not clarify the real impacts on the banking system - In a note, Morgan Stanley estimates that bad banks will have 40-70 billion in assets - Spreafico: "The markets were expecting numbers" -…
Banks and bad banks: agreement between Italy and the EU on non-performing loans with state guarantees at market prices
ALL THE DETAILS OF THE OPERATION - After exhausting negotiations in Brussels, Economy Minister Pier Carlo Padoan announces the agreement with the European Commission. The Mef clarifies: state guarantees only on senior bonds, increasing prices for commissions. Plan in 7 years,…
Oil and banks are shaking the stock markets again. Waiting for the bad bank
Oil prices are falling again and the banks are waiting for the white smoke on the bad bank: today Padoan in Brussels but the EU warns that impaired loans will weigh on the public accounts - Popolari and Unicredit under fire -…
Bad bank: final squeeze between the Italian government and the EU Commission
In these hours the decisive technical meeting - The Italian Executive wants non-performing loans to be moved to private vehicles created by the banks themselves together with private investors - Non-performing loans will be transformed into securities on which bad banks will be able…
Draghi relaunches markets around the world: Tokyo also flies and Mps goes into orbit in Milan
After the reassurances of the president of the ECB, the Tokyo stock exchange is also flying and futures signal a good start for the European stock exchanges again today - 38 out of 40 blue chips rise in Milan and MPS goes into orbit…
EU, decision on bad bank coming soon
The technical meeting is scheduled for tomorrow (Friday) and should finally take a decision - expected for months - on the mechanism proposed by Italy to manage the 200 billion bad loans.
The ECB is rooting for the Italian bad bank
Nouy: "I hope it can go through" - Padoan: "No problem with Brussels, we are now in the final phase in which we deal with the technical conditions".
Bancari, Romani (FIRST Cisl): Banks, restructuring and digitization, discussion on change
INTERVIEW WITH GIULIO ROMANI, general secretary of FIRST Cisl - "We are ready to discuss with the new ABI manager for union relations, Lodesani, all the issues of the future of banks: from the implementation of the contract to the restructuring and digitization…
ROSSELLI FOUNDATION – Non-performing loans and profitability, the two thorns of banks
XX REPORT OF THE ROSSELLI FOUNDATION ON THE ITALIAN BANKING SYSTEM - The comparison on profitability between Italian and foreign banks is merciless: only Intesa and Iccreea in the high range - Provisions weigh heavily but the remedy does not only pass…
Vestager: "Italy, still no solution on bad bank"
The European Commissioner for Competition does not comment on the green light for the Italian bad bank project - "Maybe a technical meeting tomorrow".
FOCUS BNL – Spain, all that glitters in banks is not gold: the weight of real estate
FOCUS BNL - The massive bailout financed by Europe three years ago revived Spanish banks which eliminated 6.300 branches and maintain a strong international projection - But in the bad bank and in the portfolio of Spanish lenders there are…
Banks, Morando: "Non-performing loans, ready to intervene with Bad bank"
According to the Deputy Minister of Economy, the Government is negotiating with the EU for the creation of a bad bank with a public guarantee to buy up bad debts - "Measures are ready to reduce the time for debt collection, but the…
BANCA D'ITALIA MEETING – Greece emergency and bad bank in Visco's final considerations
Emergency Greece and bad bank will certainly be at the center of the final considerations of the Governor Ignazio Visco in the assembly of participants this morning which this year is held in advance of the traditional deadline of May 31st - Also awaited the judgments of…
Brussels "opens" to the Italian bad bank
In the recommendations to the country contained in the six-monthly report on macroeconomic imbalances, the EU asks for the introduction by the end of 2015 of "measures to address the persistent weaknesses in the governance of banks, in particular the role of foundations".
A bad bank for popular banks is being studied by Banca Akros
The Milanese investment bank is allegedly working on an ad hoc vehicle entrusted to specialized operators in the sector - The newspaper Mf reports it, which speaks of six-seven credit institutions involved - The technical details are being studied
Banks between EU tightening and bad banks arriving from the Def
Amazement of Italian banks at the tightening hypothesized by the EU on tax credits used to raise assets: in Brussels there is already a clash - Good news instead from the Def: by June the Government will launch a system solution for…
Vaciago: the bad bank is urgent but it is too late for a public solution. Now we need more courage
INTERVIEW WITH GIACOMO VACIAGO, professor of Monetary Economics at the Catholic University of Milan - It is now a priority to proceed without delay with a bad bank to clean up the banks' balance sheets, otherwise Draghi's Quantitative Easing will not work in Italy. But…
Austria: Can Hypo Alpe Adria become the new European debt nightmare? German banks alarmed
The Austrian government has decided not to further finance Heta, the bad bank of the Hypo Alpe Adria bank. German banks sound the alarm
Draghi in the Chamber: stronger economy, necessary reforms
The president of the ECB in a hearing in Montecitorio in favor of the bad bank: "The ECB looks very favorably on initiatives that lighten the balance sheets of banks from non-performing loans, freeing up resources in favor of businesses" - Draghi then reiterated the…
Padoan: "We are evaluating bad bank hypotheses"
In the period of crisis that Italy has gone through, explained the Economy Minister, "bad loans have accumulated in the banking system, even if many signs of robustness and resilience remain. Now the government is examining measures to eliminate them".
Mediobanca, accounts better than expected and stock soars
Profit down due to lower profits from disposals, but higher than analysts' expectations - Shares up on the stock market - Nagel: "Telecom Italia stake sold in June, Generali in 2016" - "No interest in popular companies, ok to…
Padoan: “Bad bank? We evaluate various hypotheses”
As for Greece, "it is inappropriate to talk about leaving the Euro: the Eurogroup is a place for sharing and seeking solutions".
Barclays: 19 jobs to be cut in three years, okay with the bad bank
The British bank will involve the investment bank above all in the new plan: the assets will be housed in a bad bank for a value of 90 billion euros and of the 19 staff cuts, 7 will concern that division.
Unicredit and Intesa Sanpaolo, agreement in the USA for bad banks. Cautious Stocks on the Stock Exchange
The last details are still missing, but the news anticipated by the Financial Times is now official: Unicredit and Intesa Sanpaolo have signed a memorandum of understanding with the US funds Alvarez & Marsal (A&M) and KKR to develop a bad bank…
Unicredit and Intesa, bad banks in the USA. And Fiat lands in China: it will produce the Jeep. Milan is volatile
According to the Financial Times Intesa and Unicredit will announce a preliminary memorandum of understanding for the creation of a bad bank together with the US private equity firm Kkr and an American advisor - Waiting for Fiat after FCA will produce from 2015…
FOCUS BNL – Bad bank, what other European countries have done: Spain, Germany, Ireland
FOCUS BNL - The establishment of a bad bank is often indicated as a suitable procedure to overcome the significant deterioration of bank assets - This is how it has been used recently by some of our European partners such as Spain (where the function is…
Intesa Sanpaolo, Messina: "No to bad banks, business unit for non-performing loans"
The CEO of the Bank: "We don't want a box for bad debts that are going to die" - In the privatization of Poste "we will play an important role" - On the capital gains linked to the revaluation of the stake in Bankitalia's capital "we will decide on the 27th in the Board".