Latest articles from Italy

The Antonveneta/BPI drama

February 6, 2006

The final act of the Antonveneta/BPI drama began in March last year when ABN AMRO, Antonveneta’s biggest shareholder, informed the Bank of Italy that it intended to launch an offer for the Italian bank.

Confidence in Rome won’t be rebuilt in a day

February 6, 2006

Under Antonio Fazio, Italy’s central bank seemed to have become an autocracy, with the now disgraced ex-governor its all-powerful boss. Governance will have to be a priority for the new governor, Mario Draghi. David Lane reports on the immense confidence rebuilding task ahead.
Italy’s reputation for institutional excellence is, to put it mildly, far from the country’s strong point. Italian corruption scandals are legendary for involving a wide range of participants from all walks of life: business, politics and public bodies.

Italy

January 2, 2006

Unicredit
Alessandro Profumo, CEO

Italy’s banking sector is mired in scandal

September 5, 2005

Bankers and journalists were busy in August speculating on the future of the Bank of Italy, the Banca Popolare Italiana (BPI, until recently Banca Popolare di Lodi), the Banca Antoniana Popolare Veneta (Antonveneta) and the Banca Nazionale del Lavoro (BNL).

UniCredit steals a march on the competition

August 1, 2005

Italy’s UniCredit has bolstered its presence in the ‘new Europe’ with its purchase of HVB. But, as Nick Spiro reports, integration will present it with a real challenge.

UniCredit shows its strength with German merger

July 4, 2005

UniCredit, Italy’s biggest bank by market capitalisation, last month announced a €15bn deal to merge with Germany’s HypoVereinsbank.
The news will be welcomed by the Italian president, Carlo Azeglio Ciampi, who has a background in banking and is an unapologetic enthusiast for European integration.

UniCredit’s HVB deal does not signify a trend

July 4, 2005

It will take more than the Italian bank’s takeover of the less than attractive German institution to prompt a torrent of consolidation.

Regulator raids concert party

June 6, 2005

Italy’s stock market watchdog has crashed the Bank of Italy’s bid to block ABN AMRO’s takeover of Banca Antonveneta, reports David Lane.

Italians hedge bets with upmarket fund

June 6, 2005

Italian banking may be looking slightly tarnished and inward-looking after the Antonveneta affair (see article on Italy), but away from the limelight individual Italian banks are advancing their international presence.

Bank of Italy topples off its puppet-master’s pedestal

June 6, 2005

Takeover struggles for two Italian banks have laid bare the Bank of Italy’s powerful tinkering in the banking system as the country’s watchdog and the EU pull their mightier legal rank.

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