According to press leaks, the Treasury's goal is to keep its cards close to its chest until the regional elections in November, when the governors of Emilia Romagna, Liguria and Umbria will be elected.
INTERVIEW WITH LUCA MEZZOMO of the Intesa Sanpaolo research center. On the public debt management front, from now until the end of the year the road will be downhill, with low spreads, a drastic drop in bonds to be issued, ECB rate cuts…
The Government must sell by the end of the year and needs to raise cash. The Axa node, the Cimbri match. Who will be the next tenant of Piazza Salimbeni?
CDP appointments, nothing to be done this time either: the shareholders' meeting decided for a new postponement due to the Treasury's failure to identify the candidates for the board of directors. The reconfirmation of Scannapieco and Gorno Tempini, the…
After the closing between KKR and Tim, FiberCop is launched as a wholesale fixed telephony operator. Ferraris and Sarmi at the top. Whose is FiberCop and what changes now
The Antitrust did not like the government's plan to split the state payments company between Poste and Ipzs. That's why he's in the crosshairs. An evaluation could pave the way for an auction open to other entities as well
The Treasury announced the placement of the new BTP Green, with a gross yield at issue of 4,104%. The annual rate is 4,05%, paid in two semi-annual coupons. Unicredit is also among the banks in the pool
Here is the new placement of the BTP Valore 6 May 2024 for small savers with increasing coupons: it will take place from 6 to 10 May
Italian BTPs enjoy the interest of investors and the Treasury continues to break collection records. About a third of the collection needs for 2024 have already been put into the farm
Eni closed the 2,2 billion euro buyback program early. The board of directors also approved the 2023 budget with the definitive data which confirmed the preliminary balance sheet from February. Capital Market Day later today…
The third issue of the BTP Valore brings with it something new: the duration is lengthened due to the drop in interest rates. Here's everything you need to know
The French media company raises doubts about the involvement of the Mef in the plan to acquire the network activities of the former telephone monopoly. The hypothesis put forward: it may not have been detected correctly or minimized
The speakers at the conference on corporate governance organized at Palazzo Mezzanotte in Milan resumed the debate on the bill
Note from the company before the opening of the markets: the commitments made suitable to guarantee strategic interests.
A result not far from the just over 18 billion that set a record in the first edition, that of June. The average investment cut was just under 27.000 euros
After announcing the investment in Tim, the hypotheses of the State entering strategic areas are gaining strength. The list also includes ports, healthcare, transport
"The tax on bank extra profits "cannot exceed 0,1% of assets" for a maximum of 3,95 billion with a levy of 8% per share - Giavazzi sul Corsera: "The government's own goal risks the stop to the purchase of government bonds"
In a document sent to the Foreign Affairs Commission, the Ministry of the Economy openly denies the Government and promotes the ratification of the Mes.
The Treasury has released the latest information needed in view of the June 5-9 issue - Here's everything you need to know about the bond dedicated to small savers
A new issue of a 15-year Btpei from the Italian Treasury arrives and Dbrs promotes Italy - Profit taking on gold
Yields are attractive again, the curve is sloping again: it's time for fixed income which is offering good opportunities. The Treasury churns out a wide range of securities for retail. We talk about it with Angelo Drusiani of Ersel Wealth…
The new BTP Italia will have a duration of 5 years and will offer the usual loyalty bonus of 8 per thousand to those who buy it at auction and keep it in their portfolio until maturity. Here are the details
According to reliable sources, Lufthansa "will buy 40% of Ita for an outlay of between 250 and 300 million euros". Probable signing within the summer
Turnaround for two ultra-poltrons decided by the Council of Ministers: the spoil system practiced by the Meloni government causes the revolution at the Treasury and at the Farnesina
The Treasury subsidiary specializing in the management of non-performing loans aims to maintain a balanced composition between non-performing loans and UTPs by purchasing new portfolios for the next three years. The Glam project on secured credits aims at 11,1 billion
Today opens the phase dedicated to institutional investors for Btp Italia, the Treasury bill expiring in 2028 indexed on inflation. The Treasury will communicate the final real annual coupon rate at the start of the placement
The minimum return offered, while in line with the market, must be compared with inflation expectations over the six-year term of the new bond
The 10% leap on the Stock Exchange of the Monte dei Paschi share suggests that the square of the capital increase is approaching due to the new availability of Anima, Axa and the banks of the consortium.
A memorandum could be signed by September with the consortium preferred by the MEF, but it would not be binding: the final word will be up to the next government
Minister Franco has signed the decree which will allow cross-referencing of data from the tax register after making them anonymous - Human intervention is always guaranteed
Italy has achieved the 45 objectives established by the Pnrr for the first half of 2022: thus unlocking 11,5 billion in grants and 12,6 billion in loans
The placement reserved for institutional investors raised 2,179 billion euros, which add up to the 7,24 billion sold to retail customers
In May 2020, the first day of placement closed with funding exceeding 4 billion euro - Today and tomorrow still dedicated to the retail market
However, it is a provisional indication: Thursday morning the MEF will announce the definitive interest rate of the BTP Italia, which may be equal to or higher than that already communicated
To protect savings from inflation, the Treasury is preparing to launch a new long-term Btp Italia with double premium on 20 June
The goal of the Ministry of Economy is to sign a preliminary agreement between June 13 and 17, to then conclude the deal by December
The MPS board withdraws the powers of the CEO wanted by the M5s and replaces him with a manager who has the trust of the Treasury in view of the new negotiations with the EU
At the forefront are the current 15 employees at the Monte branches, who should be reduced by about a third - We are moving towards the refinancing of the redundancy fund
The Taliban have got their hands on Kabul but not on their treasury deposited at the Federal Reserve in Washington and in other American banks: these are bonds, jewels, gold bars and precious objects for a…
If the merger negotiations are successful, the Treasury should have a stake between 3 and 5% of the new Unicredit-Mps bank, but without voting rights - About 150 Mps branches, mainly in the South, which…
Orcel's wing sweep on the stock exchange - In the US Amazon slows down while Asia closes the worst month since March
Government and Confindustria believe it: the Economy Minister announces an upward revision, while the number one of the industrialists says he is confident in the possibility of "a small economic miracle" that will bring the 2021 GDP to +5%
Treasury bills placed for €7,25 billion, the entire amount offered - Yields rising on both 5-year and 10-year maturities
The result is slightly lower than those of the first two placements, but the new securities have a longer maturity and a double loyalty bonus is envisaged
Requests for Btp Futura exceed the offer after only two days and it is possible that the placement will be closed earlier than expected - Banks and Stock Exchanges and Piazza Affari are among the worst
The Treasury has published the information sheet and the technical note of the new BTP Futura, reserved for retail investors - The third issue will be launched on April 19
Investor demand exceeding 100 billion for the 50-year BTP and the 7-year one offered by the Italian Treasury - EMA's verdict on Astrazeneca reassures the markets - Waiting for the Fed's minutes - At…
The placement will last until April 23, but early closing is possible from the 21st - There are some changes compared to the first two issues
On 12 February 1981, the Minister of the Treasury wrote to the Governor to anticipate one of the most important turning points in Italian economic history in the second half of the twentieth century
The new strategic plan approved yesterday by Monte dei Paschi is formally stand-alone but in reality does not exclude mergers, as wanted by the president Patrizia Grieco in harmony with the Mef and with the advice of the advisor Mediobanca
Yesterday's extraordinary meeting of the Unicredit Board of Directors was updated in the middle of the week: the re-nomination or otherwise of CEO Mustier, the Mps operation and the entire strategy of the bank in Piazza Gae Aulenti are at stake - The stock falls into…
Janet Yellen, formerly the first woman to head the Fed, is preparing to become the first woman in history to head the US Treasury - "When unemployment is exceptionally high and inflation at historically low levels, the economy needs…
The arrival of three available vaccines and the new physiognomy of the Biden administration push the markets that smell the honeymoon. We are moving towards a monetary policy concerted with the big ones, to the benefit of Europe. New taxes? Georgia will be the Aug…
The future US president completes his team by choosing former Fed chair Janet Yellen for the coveted Treasury seat - Meanwhile, Trump says yes to the transition
A new placement of Btp Futura begins on Monday 9 November, the proceeds of which will be used to finance expenses due to the pandemic - Here's what you need to know before investing
The red in the third quarter brings the loss from the beginning of the year to 1,5 billion - Provisions for legal risks and write-downs on NPLs weigh - The second public capital increase should be around 2 billion…
This was revealed by Reuters according to which Premier Conte signed the decree authorizing the spin-off of 8,1 billion in non-performing loans - Title in red
Buyers can also be private citizens - The properties for sale are intended for different uses and are located in 19 Italian cities
The launch of the Sienese institute's bad bank is a key operation in the risk of the banking system in full swing - From the Brescia meeting on Ubi to Del Vecchio's pressure on Mediobanca, here are moves and countermoves on the big finance scene…
Intended for the retail public only, the new 10-year issue includes fixed rates that increase over time, six-monthly coupons and a loyalty bonus - The goal is to finance post-Covid reconstruction measures
After the success of Btp Italia, the Treasury launches a new bond reserved for retail to cover expenses related to the Coronavirus - Meanwhile, the banks are running and keeping the stock market afloat.
Small savers have invested almost 14 billion in the new Btp Italia 2025, while institutional investors have bought more than 8 - For the first time, the placement had a declared objective: to fight the consequences of the coronavirus
The Treasury has not set any limit on the amount of the 2020 issue which kicks off on Monday 18 May: on the contrary, to attract savers it has doubled the loyalty bonus - To find your way around the rates, here are the yields of each quotation of…
The new issue of Btp Italia will last three days for the retail public, but this time without the possibility of early closure of the auctions - The proceeds will be used to deal with the coronavirus emergency
Thanks to the profit achieved in 2019 by via Nazionale - In the meeting, Governor Visco reiterates the alarm for the virus: "Broad and profound impact on the economy".
The health emergency postpones the presentation of the lists of candidates to lead public companies and the related meetings, starting with MPS and Poste Italiane
According to an analysis by the Centro Studi CoMar, there are 76 companies controlled by the Treasury that in the coming months must renew their corporate bodies - The lists of candidates soon: Thursday that of Mps - Here are all the numbers
The Ministry of Economy has published a handbook on the use of cash to clarify old and new rules: here are the most important ones
The Ministry of Economy and Finance has announced the results of the placement of 5, 10 and 30 year bonds
Ministry may launch new dollar-denominated multi-tranche issue - Latest Via XX Settembre bonds in greenbacks dated September 2010
A capital allocation scheme has been drafted, but the overall financial envelope risks being very low for an airline - the Treasury asks Delta for more effort
The Ministry of Economy has clarified that the modification of the deadlines for submitting the declaration concerns only the Imu and the Tasi and not also the Tari: here are the dates to mark on the calendar
Atlantia, Toto, Lotito and the South American company Avianca have said they are available to participate in the capital increase and the Alitalia relaunch plan but the game is far from over.
Mps Assembly, CEO Morelli lets it be known that the board is evaluating "scenarios on dimensional aggregations or diversifications", but the Treasury will decide - A profound revision of the business model is possible - The bank will decide whether to challenge the agreement with Nomura on…
Appeal to the number one of the Treasury to protect the independence of state technicians threatened with purge by the majority parties, starting with the governor of Bank of Italy, the president of INPS and MEF technicians - The list of signatories of the appeal - …
Paolo De Ioanna, incomparable civil servant and great public finance expert, has died - He had been the right-hand man of prime ministers and treasury ministers
In less than three months, the first statute of limitations will come into effect, the one relating to the sums transferred to the Dormant Relationship Fund in November 2008 - Anyone who does not claim the sums to which they are entitled by 31 October will lose everything
The Finance Minister does not make concessions on the three key figures of his ministry and confirms Franco in the Accounting Department - The game now moves to Rai, in view of Friday's assembly - Whirlwind of names in the race: there are three…
The tranche which has a nominal value of 2.918 million - The deconsolidation of the non-performing loans from the Rocca Salimbeni balance sheet took place within the last month of June
The Attorney General asked for compensation of 3,9 billion: Maria Cannata, the former general manager Vincenzo La Via and the former ministers Domenico Siniscalco and Vittorio Grilli acquitted - The contracts were deemed legitimate and, at the same time, unquestionable by the…
In application of the spoil system, the Minister of Economy Tria will have to make about 200 public appointments but the most delicate is that of the new Director General of the Treasury who will have to manage the shareholdings of the Mef and the public debt: it would be…
In an exclusive article published on FIRSTonline on 6 March 2017, the new Treasury minister illustrated his thoughts on the euro, public debt and investments for a new economic policy
When the Minister of Economy is chosen, the new government, which seems to be oriented towards an economic policy based on deficit spending, cannot help but wonder up to what point in the growth of the Italian debt savers will give confidence…
The markets are waiting to know the name of the new Treasury minister who can guide the economic policy of the Conte government while the ECB prepares to extend the Qe and the Fed to raise the…
The funding of 8-year Italian BTPs, which raised 7,7 billion, ended with a result that the Treasury defined as "satisfactory".
In the ongoing negotiations between the League and the Five Stars, a prominent place has the division of public appointments awaiting renewals: at stake are the top management of 38 companies directly controlled by the Treasury with the CDP in the forefront,…
What is the tax relief on the purchase of furniture and how does it work? A new campaign by the Treasury in collaboration with Federmobili, FederlegnoArredo and the National Caf Consultation explains it - Read also the information sheet and the PDF guide by the Agency…
The new government will have to address public finance issues immediately and present the new Economic and Financial Document. The correction on 2018 and the objectives for 2019: there you will see the concrete choices and how they will be set…
The shareholders' meeting of the Sienese bank held today must elect the new president in place of Alessandro Falciai: the chosen one is Stefania Bariatti - The reconfirmation of the CEO Marco Morelli is sure
At the end of November, the Treasury presented the majority list, confirming the ticket with Alessandro Falciai as president and Marco Morelli CEO. Falciai took a surprise step back in the evening, being investigated for accounting bungles in…
The Director General of the Treasury under fire by the parliamentary commission of inquiry into banks: too reticent on the Monte dei Paschi crisis and President Casini rebukes him
He allegedly collected 220 thousand euros from the company he previously worked for, Ernst & Young, to reveal confidential information on the tax rules discussed by the Government
The Ministry of the Economy confirms that many municipalities have made a mistake in calculating the waste tax - Those who have paid too much can appeal, but pay attention to times and procedures.
After the three days of placement dedicated to retail, this morning, from 9 to 11, it was the turn of the institutional ones. Requests far beyond the offer arrived in just two hours - Closing at 7,1 billion euros, three times more than…
The ministry has formalized with a letter to Cassa Depositi to proceed with the purchase of 50% of Enav and 3% of Eni - The potential value for the state coffers is 2,8 billion.
The Treasury is considering transferring half of its stake (4,34%) in Eni to Cassa depositi e prestiti to obtain around one billion euros which would add to the billion obtainable from the sale of Enav also to the CDP
Good demand and falling yields for Treasury Btp and CcTeu auctions. For the ten-year yield down by 33 cents on the previous auction. Allocated 2,5 billion
The request exceeded 6,4 billion. The yield rose by 10 cents to 0,15%.
The 12-month bonds have gathered a demand equal to almost double the supply
The prospectus has arrived at Consob and Montepaschi's return to the Stock Exchange is expected between 16 and 19 October - The Treasury is working on the new Statute, while Generali and the funds prepare lists of…