Monte Paschi approves plan to increase cash call to 5 billion euros
MILAN (Reuters) - The board of Italian bank Monte dei Paschi di Siena on Friday approved a proposal to boost the size of a share sale it is planning to...
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Italian watchdog says Novartis, Roche colluded over eye drug
ZURICH/MILAN (Reuters) - Italy's antitrust authorities said Swiss drugmakers Novartis and Roche colluded to try to stop cancer drug Avastin being used to treat a serious eye disease, and fined...
Italian watchdog says Novartis, Roche colluded over eye drug
ZURICH/MILAN (Reuters) - Italy's antitrust authorities said Swiss drugmakers Novartis and Roche colluded to try to stop cancer drug Avastin being used to treat a serious eye disease, and fined...
Monte Paschi’s top investor set to force delay in cash call
SIENA, Italy (Reuters) - The top investor in Banca Monte dei Paschi di Siena looked set to push back to mid-2014 a 3-billion-euro ($4 billion) capital increase the Italian lender...
Monte Paschi says cap increase deal with banks expires in January
MILAN (Reuters) - A preliminary commitment by banks to underwrite Monte dei Paschi's 3-billion-euro ($4 billion) capital increase expires at the end of January, the Italian bank said in a...
Italian banks near saturation point on government debt
MILAN (Reuters) - Italian banks are near saturation point after two years spent frantically buying their own government's bonds, forcing the Treasury to find alternative investors at home and abroad...
UniCredit eyes Poland’s BGZ, might leave Ukraine: CEO
MILAN (Reuters) - UniCredit , Italy's largest bank by assets, has submitted a preliminary offer to buy Poland's Bank BGZ and is sounding investors out on the possibility of selling...
Monte Paschi’s new capital needs could force nationalization
MILAN/ROME (Reuters) - The prospect of nationalisation looms large for Italy's Monte dei Paschi di Siena now that the beleaguered lender needs to raise more than twice as much capital...
Berlusconi guilty of sex crimes, gets 7 years
MILAN (Reuters) - A Milan court sentenced Italian former prime minister Silvio Berlusconi on Monday to seven years in prison after convicting him of paying for sex with a minor...
Small businesses spell big problems for Italy and Spain
MILAN/MADRID (Reuters) - Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's...