Explainer: Europe’s banks fear payment system could be casualty of Russia-Ukraine crisis
Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed out of a potential acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia.
Euro zone mulls how to make governments respect EU fiscal rules
Euro zone finance ministers will start a discussion on Monday on how to change the often-broken EU fiscal rules so that governments actually observe them, a euro zone official said.
Credit Agricole offers to buy Italy’s bank Carige -newspaper
France’s Credit Agricole (CAGR.PA) has offered to buy troubled lender Banca Carige (CRGI.MI) for a euro, Italian daily Il Messaggero said on Thursday, sending shares in the Italian lender up more than 3%.
Analysis: How Banks all over the world are facing challenges!
The world has changed dramatically since the pandemic or Covid-19 outbreak. The entire process of living has changed, as has the economy and all financial institutions. Financial institutions all over the world are facing real challenges to keep their position stable and prevent themselves from the loss. According to BICRA Scores and Economic and Industry […]
Euro zone Aug economic sentiment eases but selling price expectations at record high
Euro zone economic sentiment has eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations in industry peaked, signalling inflationary pressure.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
Four years after spending 5.4 billion euros ($6.3 billion) to rescue it, Rome is in talks to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI) and cut its 64% stake in the Tuscan bank.
EXCLUSIVE McDonald’s faces Italian antitrust probe into franchise terms – document
Italy’s antitrust authority AGCM will investigate McDonald’s (MCD.N) terms and conditions in its agreements with franchise operators following several complaints, according to an AGCM document seen by Reuters.
Italy’s Treasury under siege over Monte dei Paschi deal
Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.
Wizz Air sees summer capacity close to pre-pandemic levels
Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.
Italy’s Ali Group hungry for bigger slice of U.S. fast-food market
Italian family business Ali Group expects its planned takeover of U.S. catering equipment rival Welbilt to boost sales as Americans’ appetite for takeaways and meal delivery drives a resurgent U.S. fast-food market, the company told Reuters.
