Latest articles from David Lane

Italys lenders pick up central bank bonus

Italy's lenders pick up central bank bonus

April 1, 2014

Following a difficult few years, Italy's banks received a windfall from the central bank after the institution revalued its share 'capital', but other eurozone lenders claim that this gives Italian players an unfair advantage in the upcoming asset quality review.

Mediobanca makes its move

Mediobanca makes its move

September 2, 2013

The rollercoaster ride that Italy's Mediobanca has embarked upon since the crisis hit has seen the bank change its leadership, embrace retail banking, look to shed its equity in a number of leading Italian companies, and seek to no longer tie up its stakes in shareholder pacts. David Lane assesses the impact of these moves.

How Monte dei Paschi made the wrong kind of history

How Monte dei Paschi made the wrong kind of history

March 1, 2013

Management, shareholders and regulators all seem to carry some of the blame for allowing Monte dei Paschi to acquire Antonveneta, which created uncontrollable risks for what had previously been one of Italy's more conservative banks.

Italy's banking leaders see chinks of light amid the gloom

October 1, 2012

Italy's banks are struggling. Many are weighed down by bad assets and an oversubscription to government bonds, while those with relatively healthy portfolios are battling against a difficult economy and the series of downgrades that has recently befallen them. Despite this, CEOs at the country's largest institutions remain optimistic.

Italy public debt

The sorry and familiar story of Italy's debt crisis

September 1, 2011

Huge public debts, lacklustre political leadership, teetering on the edge of an abyss... For Italy in 2011, read Italy in 1992, or Italy in the mid 1970s. The country has failed to learn the lesson of past crises and will have to make some unpopular decisions if it is to break this cycle.

Alessandro Profumo, former CEO, UniCredit

What next for UniCredit after Profumo?

November 24, 2010

The departure of UniCredit CEO Alessandro Profumo was not entirely unexpected, following rumours of his discomfort, but his sudden exit has still left many questions hanging over the future strategy of Italy's largest bank. Writer David Lane

Friends in need

May 5, 2010

Italy's philanthropic foundations remain significant shareholders in the country's banks, which has helped them ease their way through the economic crisis and maintain a long-term growth strategy. Writer David Lane

Intesa Sanpaolo invests in Eastern promise: Looking East

May 5, 2009

Intesa Sanpaolo rose to prominence as Italy's largest bank after a series of domestic mergers and takeovers, and has improved its status further with a raft of selective acquisitions in central and eastern Europe, writes David Lane in Rome.

Allegro Con Brio Fades for Italy

March 10, 2009

Italian banks’ cautious approach has distanced them from the risky instruments and products at the heart of the economic crisis, yet prudence is more important than ever if they are to support the country’s ailing industries. Writer David Lane in Rome, Milan and Siena.

Italians reap the benefits of buyouts

October 6, 2008

Two years of consolidation have transformed the landscape of Italian banking – and in the process the country’s financial institutions have become experts in extracting maximum value from merging companies. Writer David Lane.

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