Among other fixed income topics, a panel of Ostrum Asset Management’s investment experts have discussed the future of Italy at a European press briefing in Paris on 14 June 2018. In the view of the Paris-based manager’s chief economist Philippe Waechter, the Italian case carries an important risk for the eurozone. Though he does not […]
Italy’s Generali Group has launched Generali Investments Partners SGR, an asset management division that is still pending regulatory approval to start operating. Generali Investments Partners SGR, not operational yet until it receives approval from the Bank of Italy, has been launched with €1m capital. According to some local dailies, the division will be led during […]
The investment boutique Green Arrow Capital has acquired 100% of the private equity operator Quadrivio Capital SGR. The financial terms of the transaction have not been yet disclosed and the operation is pending the approval of the Bank of Italy. Lbo France and Tages and Pm Partners were among the twenty applicants (both local and […]
Italy’s UniCredit has offered to buy back €1.8bn that can no longer be counted towards the bank’s Tier 2 capital. “The tender offer […] will allow the offeror to optimise the profile of its liabilities, repurchasing the existing notes that no longer qualify as Tier 2 instruments in the own funds of the offeror and are […]
Italy’s Intesa Sanpaolo has announced that it has signed preliminary agreements for the sale of a stake representing about 5.7% of the Bank of Italy’s share capital to pension funds Enpam, Inarcassa, Cassa Forense, Enpaia, Cassa dei Ragionieri, and to Banca del Piemonte. The stake is being sold at nominal value, which is equal to its carrying value, for an amount […]
The Bank of Italy has authorised Credem group to use the internal ratings-based (IRB) approach for its lending programme going forward. The IRB approach allows banks to use their own estimated risk parameters to calculate regulatory capital. Credem hailed the news as a potential boost to its lending activities, which have already gone up 5.3% year-on-year […]
The Bank of Italy has ordered former Italy’s PM Silvio Berlusconi to cut his share in the Mediolanum Group to 9.9%. The Fininvest Group, the financial holding company controlled by the Berlusconi family, was one of the founding partners of the Mediolanum Group and until yesterday owned 35.13% of the company. The Bank of Italy […]
Italy’s second-largest bank by assets Intesa Sanpaolo has reported a strong growth in assets under management, with an increase of approximately €22bn in the first half of 2014. Approximately €13bn switched from assets under administration and in custody, the bank report also said. Intesa Sanpaolo also reported a net income of €1.2bn in H1, which […]
Italy’s Banca Esperia, Mediobanca and Banca Mediolanum’s private bank, has added Michele Forti to its team of bankers.
Telecom Italia has elected to early redeem all of its outstanding subordinated hybrid securities denominated €750m Capital Securities due 2073, issued last 13 March 2013.
Banks must do their bit to help Italy come out of the crisis, Fabio Panetta, deputy CEO at Bankitalia, said.
The Bank of Italy has signed off the merger of Kairos and Julius Baer Sim and officially begun the private banking partnership aiming at creating an Italian private bank that takes care of asset management and counseling.