The former president of the bank convicted of insider trading, obstacle to supervision and false prospectus. Marin and Piazzetta were also convicted, Zigliotto and Pellegrini acquitted. The problem of compensation arises
After a three-year trial, the judges ruled that the transactions for which the bank paid customers to buy shares of the same are null and void, pursuant to article 2358 of the civil code.
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 American financier bought 15.767.793 shares through his Berkshire Hathaway group. The operation will be carried out on Friday. On the Stock Exchange, the stock is off to a flying start and is up 13%
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…
The bondholders of the two Venetian banks acquired by Intesa Sanpaolo will be reimbursed in full if they purchased bonds before 12 June 2014 and held them at the time of liquidation - This is foreseen by the regulation of the Interbank Fund for the protection…
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…
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.
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.
Crucial hours for the completion of the operation Intesa on Pop Vicenza and Veneto Banca: Padoan prepares three measures (on the compulsory administrative liquidation, on the appointment of commissioners and on the use of the public 20 billion for the banks) - Storm on Carige and Ubi…
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 Rothschild investment bank was mandated by the two Venetian banks to sell at auction everything possible to reduce capital requirements: among the assets for sale, the joint stake in Arca Sgr, the Bim, the branches…
Government decree to induce the bank of Montebelluna to temporarily suspend the 150 million euro repayment of the subordinated bond to be paid on the 21st: the intervention is preparatory to the system solution, under negotiation, for the bailout…
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…
Board of directors under high tension today for Banca Popolare di Vicenza while the repayment deadline for the 150 million subordinated bond approaches for Veneto Banca - After the openings of Intesa and Unicredit, the other institutions are niche -…
After Wall Street, high tech stocks are also collapsing on the Asian stock exchanges - Banks: in the next few hours it will be understood whether the systemic solution for the rescue of Popolare di Vicenza and Veneto Banca can be triggered while it becomes more complicated…
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…
"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…
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 price of oil loses almost 4,5% after the OPEC agreement on production cuts but Wall Street keeps going and reaches new records - For Eni, problems from Kashagan - Ok for the BTP exchange - Banks under pressure…
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…
Without the green light from the European Commission for the precautionary recapitalization, business continuity will be put at serious risk for Popolare di Vicenza and Veneto Banca - Viola: "We hope to receive the go-ahead by the summer"
Azimut and CNH run but Piazza Affari slows down - Elkann: "Fca, CNH and Ferrari grown 7 times in 8 years" - Alitalia strike, 60% of flights canceled - Popolare Vicenza and Veneto Banca sell assets to raise cash -…
Banca Popolare di Vicenza has started the sale of 15% of Cattolica Assicurazioni, which is worth 200 million, and has just sold 6,02% while Veneto Banca has already started the procedures to sell 70% of Bim which…
Today, Trump's war on duties still holds sway, which however in the aftermath of the start of Brexit does not weigh too much on the European markets, which indeed benefit from the good news coming from the US economy - Then the Venetian banks in Frankfurt and…
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
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
Banca Popolare di Vicenza and Veneto Banca with two separate letters ask the Ministry of the Economy for "extraordinary and temporary financial support from the State" to increase the capital in view of the merger - But the match with Europe will not be…
The verdict of the ECB on the amount of the increase required to secure the bank that will be created from the merger between the two Venetian institutions is expected today. The push for a significant intervention by the Treasury is growing, but the hypothesis of public control…
From Montepaschi to Veneto banks, from state guarantees to manager salaries, via refunds to savers and Treasury reports on large debtors: this is what the bank decree definitively approved by the Chamber provides.
After the two Board meetings on Tuesday, the CEO of Vicenza flies to Brussels to present the industrial plan and tightens the timeframe on the merger. Indiscretions on the new capital increase. On the table the node Npl
Meeting at Palazzo Chigi between Prime Minister Gentiloni and Boschi, Finocchiaro, Zanda and Rosato to define the conditions for greater transparency on the rescue of the Sienese bank and the other four in difficulty. The proposal had been put forward by the president of the Abi…
The president Gianni Mion raises the alarm: "It won't be easy to manage them". The business plan "we hope to do so within the next two months"
The Authority sanctioned the Venetian bank because it forced customers who applied for a mortgage to become shareholders by financing the capital increases
The object of the operation is the acquisition of all the documentation relating to the loans granted between 2012 and 2014 - The investigations have already made it possible to reconstruct the flow of loans, focusing on those that are particularly onerous: Alfio Marchini also appears.
The number one of the Atlante Fund, Alessandro Penati, declared that the Fund aims to carry out a large operation, worth at least 2 billion, on NPLs to "create a market" and that he hopes to find a partner within the year for the…
According to the president of the Cariplo and Acri Foundation, Giuseppe Guzzetti, the possible merger between Banca Popolare di Vicenza and Veneto Banca, once the highly anticipated capital increase of the latter has been concluded, will have to be submitted to the judgment of Alessandro Penati , number one…
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…
The banking emergency remains at the center of the markets - After the Italian stock exchange no to the listing, many investors withdraw from the Vicenza bank and the Atlante Fund fills up - Draghi: there are no alternatives to low rates -…
With the failure of the Popolare di Vicenza listing, 99,33% of the bank ends up in the hands of the Atlante fund, which will fully subscribe to the 1,5 billion capital increase - Saviotti (Banco Popolare): "No problem for us".
After a positive start, Piazza Affari turns red: rain of sales on the banks, with the IPO operation of the Popolare di Vicenza which continues to cause concern - FCA goes against the trend after the agreement with Alphabet for Google Car - Positive…
After 13 quarters on the rise, Apple slips on iphones (fewer sales and less profits) and Wall Street punishes it - Oil rises - The City bets on the EU - Weidmann (Bundesbank) on the attack: the Italian public debt also threatens…
The CEO said that the bank will have 550 million in excess of the capital parameters imposed by the ECB - The manager said he was confident on the achievement of 25% of the free float (the minimum for listing) and on the success of the IPO…
After 4 hours of assembly in front of 5.800 shareholders and in a stadium atmosphere, Banca Popolare di Vicenza approved by a large majority its transformation into a joint-stock company, the capital increase requested by the ECB and the request for…
The Prosecutor of Vicenza is reportedly working on two hypotheses of crime: mafia association and false accounting. The vicenza relating to the Popolare di Vicenza is complicated.
