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.
Italy has not been able to keep abreast with the geopolitical, technological and demographic changes of the last 25 years, Bank of Italy governor Ignazio Visco has said in his annual statement.
The Italian economy could exit from its recession in 2013, despite previous recessionary projections for the whole year, according to data released by the Bank of Italy.
The Italian banking system has made progress on the change of its governance mechanisms but more work need to be done, according to Ignazio Visco, governor of Italy's central bank.
The Bank of Italy has appointed Fabio Panetta as deputy director general.
Italy's public debt hit a record high in June, reaching almost €2tn, according to data released by the Bank of Italy.
Italian public debt has reached a new record high, according to data released today by the Bank of Italy.
Italy will be the next country to need a full-scale bailout after the one announced on June 9 by Spain, according to Sean Jones, founding partner and president of indipendent rating agency Egan-Jones.
Europe and Italy have been in the throes of an exceptionally serious crisis, necessitating financial assistance programmes to aid Eurozone public finances, banking systems and external accounts, said Ignazio Visco, Governor of the Bank of Italy.
Capital ouflow from Italy to Northern Europe was more than €270bn at the end of March, according to the latest data published by the Bank of Italy.
Italian asset manager Zenit Sgr confirmed it has started to merge its funds offering with products currently branded by insurance and asset management group Mc Gestioni Sgr.
Algebris Investments, based in London, has been authorised by the Bank of Italy to distribute its Algebris Financial CoCo Fund in the Italian market.
Gerardo Braggiotti is the new chairman at Italian investment boutique Banca Leonardo.