banking

Assets worth millions seized from ex Monte dei Paschi execs

Authorities have seized assets worth 22.6 million euros (23.6 million dollars) from two former executives at Italy's troubled Monte dei Paschi di Siena (MPS) bank.

EU commission approves support measures for Italy's Monte Paschi bank

The Italian government has received the green light from European Union authorities to provide liquidity measures for its ailing lender Monte dei Paschi di Siena (MPS).

ECB says Italy's MPS bank needs billions more in rescue funds

Ailing Italian bank Monte dei Paschi di Siena (MPS) needs to fill a larger capital gap than originally reported, the Italian bank stated late Monday citing new figures from the European Central...

Italian government approves rescue package for Monte dei Paschi bank

The Italian government has approved an emergency decree to rescue stricken Monte dei Paschi (MPS) bank, Prime Minister Paolo Gentiloni said after a cabinet meeting.

Italy MPS bank's recapitalization has failed, state rescue looms

Italy's Monte dei Paschi di Siena (MPS), the eurozone's most troubled lender, announced Thursday the failure of a critical recapitalization bid, paving the way for a state rescue and de-facto...

Italian parliament approves 20-billion-euro bank rescue package

Italy's two houses of parliament on Wednesday approved a government request to increase the public debt by up to 20 billion euros (20.8 billion dollars) to fund a rescue package for ailing banks,...

Major banks' economists project Croatia's 2017 growth at 2.9%

Chief economists at major banks in Croatia have forecast that the country's economy will pick up to 2.9% in 2017 on the tailwinds of rising personal consumption and investment activity, the...

Italy's UniCredit announces recapitalization, bad loan sale, job cuts

Italy's biggest bank by assets, UniCredit, unveiled Tuesday a major restructuring plan hinging on a 13-billion-euro (13.8-billion-dollar) recapitalization, the sale of 17.7 billion euros' worth of...

Italian banking shares tumble ahead of Sunday's referendum vote

Share prices for Italian banks fell sharply on the Milan stock exchange Monday, amid fears that a 'no' vote in a Sunday constitutional referendum could trigger a political and economic crisis.

Banking association calls for forming task force to deal with debts in arrears

The Croatian Banking Association (HUB) proposes the establishment of a task force in charge of elaborating a comprehensive solution to resolve the issues of Croatian citizens with blocked accounts...

Croatian Postal Bank posts record net profit of HRK 147.5 mln

The Croatian Postal Bank (HPB)'s net profit in the first nine months of 2016 was 38.1% higher compared to the same period last year and amounted to HRK 147.5 million which is the best result since...

HUB: Croatians' financial assets rapidly growing

Croatians are frugal and their financial assets are growing rapidly even though interest rates are at a historic low, shows an analysis by the Croatian Banking Association (HUB), released on the...

EC approves Croatia's bank resolution scheme

The European Commission on Wednesday approved Croatia's bank resolution scheme, to be used for small banks with total assets below 1.5 billion euros if found to be in distress by the competent...

Taiwan premier orders inquiry into Mega Bank after hefty US fine

Taiwan's premier has ordered an investigation into Mega International Commercial Bank, one of the island's biggest banks, after US regulators fined its New York branch 180 million dollars for...

UniCredit shares continue fall despite higher profit, less bad loans

Italy's largest bank by assets, UniCredit, reported Wednesday higher profit and a reduction in exposure to bad loans, but still suffered stock market falls amid lingering concerns about its...