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Outgoing chief at Italian lender posts ‘impressive’ final annual profit of €1.3bn despite substantial impairment
Majority state-owned bank is final obstacle to clearing up mess at Italy’s worst-run lenders
Eyewear tycoon is expected to tilt any institutions he touches towards wealth management
Takeover by UniCredit considered as Italian government faces deadline to sell stake
Mustier’s departure reflects tensions playing out the world over from the US presidential election to Brexit
Governments should not press well-run banks to mop up the mistakes of badly-run lenders
Politicians and central bankers seek to consolidate this fragmented sector
Appointment seen as clear signal country’s largest bank will be forced to play role in sector consolidation
Italian and Spanish lenders hoping to wed must first reduce exposure to non-performing loans
Take-up of tender offer crosses 50% threshold after key shareholder group gives backing
Italian lenders reduce exposure to bad debts before expected wave of Covid-era defaults
Preliminary verdict argues deal could undermine competition in some regions
Debt facility for carmaker would be biggest to carry government guarantee in Italy’s banking history
It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends
When you don’t pay, you don’t earn.
The damage to the strongest regional economy has already been done
Rome wants a ‘package deal’ that includes common deposit insurance scheme
The bailout is dead. Long live the bailout.
Move by Italy’s biggest bank will result in closure of 500 branches in effort to save €1bn
Central lender’s use of tiered interest rates offers arbitrage opportunity
Ex-Deutsche Bank and Nomura staff sentenced in Milan alongside former managers at Italian bank
The lender is doing well but Del Vecchio is likely to push for change
Country’s ruling coalition may have fallen apart, but its government bonds rallied last week
Business owners warn of credit squeeze since start of the year
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