Financial Insights That Matter Posted By Global Banking and Finance Review Posted on January 25, 2025 MILAN (Reuters) -Military production does not help long-term economic growth, Italy’s central bank governor Fabio Panetta said on Thursday, as NATO countries debate whether to increase defence expenditure. At a speech delivered to a Catholic organisation in Bologna, Panetta […]
Financial Insights That Matter (Bloomberg) — The last time Banca Monte dei Paschi di Siena SpA bought another lender, it ended in tears. That’s why much of Italy was shocked to wake up to an announcement on Friday that the world’s oldest bank — which is still subject to a government bailout — wants to […]
Financial Insights That Matter Italy’s Finance Minister Giancarlo Giorgetti, left, and Greece’s Finance Minister Kostis Hatzidakis speak as they open a gift bag during a round table meeting of EU finance ministers at the European Council building in Brussels, Tuesday, Jan. 21, 2025. Boost Your Financial Knowledge and Achieve Stability Discover a growing online community […]
Financial Insights That Matter Posted By Global Banking and Finance Review Posted on January 24, 2025 ROME (Reuters) – Italian defence and aerospace group Leonardo is about to enter into a partnership with Turkish drone maker Baykar for unmanned systems, a source familiar with the matter said on Friday. The deal is close to being […]
Financial Insights That Matter Italy’s Companies and Exchange Commission (CONSOB) has ordered the black-out of five new websites that offer financial services illegally. The websites targeted by the latest set of orders are: “IsecTrade” (website https://isectrade.net and related page https://panel.isectrade.net); “Morgantrust”/Morgantrust Markets Limited (websites https://web.morgantrust.ai and www.morgantrust.ai); “Onlinecfdsim” website www.onlinecfdsim.com and related page https://platform.onlinecfdsim.com); “CMC […]
Financial Insights That Matter Posted By Global Banking and Finance Review Posted on January 24, 2025 BERLIN (Reuters) – Lufthansa expects its planned stake in Italy’s ITA Airways to increase the German flagship carrier’s profits by hundreds of millions of euros in the coming years, Chief Executive Carsten Spohr told the FAZ newspaper in an […]
Financial Insights That Matter By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) – Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s Treasury picked him out to revive the fortunes of the world’s oldest bank, five years after bailing it out. Back […]
Financial Insights That Matter What’s going on here? Francesco Gaetano Caltagirone, an Italian billionaire, is shaking up Italy’s financial scene with strategic investments and influence in key institutions, challenging the status quo. What does this mean? Caltagirone’s reach extends through Italy’s financial industry, holding significant stakes in Monte dei Paschi di Siena (MPS), Anima Holding, […]
Financial Insights That Matter Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Monte dei Paschi di Siena has launched a €13.3bn takeover offer for larger rival Mediobanca in a move that would shake up Italy’s banking sector. The all-share offer by the partially […]
Financial Insights That Matter Italian Deputy Prime Minister and Transport Minister Matteo Salvini has proposed a law to follow Donald Trump’s withdrawal from the World Health Organization (WHO). “I presented this morning at the Chamber of Deputies, the League’s bill to leave the WHO (World Health Organization), as did the United States with Donald Trump,” […]