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ITALIAN STATE LENDER
Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...- Italian top government official seen joining STMicroelectronics supervisory boardThe proposed nomination, which once formalised must be ratified by the STMicroelectronics supervisory board and by the shareholders in a ge...
- Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCreditCommerzbank announces it will cut 3,900 jobs in Germany by 2028 while hiring abroad. The bank aims for financial targets with a revised 202...
- OpenAI, Italian state lender CDP team up for AI use in startupsIn a joint statement on Wednesday, the two companies said the ChatGPT maker would invest directly and indirectly in start-ups developing AI...
- Italian state lender to invest 1 billion euros in 5 years in AIThe government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as pa...
- Italy to set up AI fund of 1 billion euros, PM Giorgia Meloni saysBacked by CDP Venture Capital, a unit of state lender Cassa Depositi e Prestiti (CDP), the fund could raise a further 2 billion euros from ...
- European stocks dip as Italian banks, downbeat data weighItalian banks such as Intesa Sanpaolo and UniCredit fell more than 5% after Deputy Prime Minister Matteo Salvini said the 40% levy on banks...
- Coinbase says it has about $240 million cash balance with Signature BankState regulators closed New York-based Signature Bank on Sunday, the third largest failure in US banking history, two days after authoritie...
- European shares open higher on Telecom Italia boostShares of Telecom Italia (TIM) jumped 4.1% as Italian state lender CDP said on Sunday its board had approved a non-binding offer for the fi...
- Stocks in the news: SBI, Yes Bank, UPL, Equitas Bank and NBCCSBI has hiked the minimum interest rates for home loans to 7.55 per cent. The move follows a 50 basis points hike in repo rate to 4.90 per ...
- Future's stake sale in its insurance arm helps banks recover ₹1,266 crFEL owes lenders and bondholders a total of ₹6,778 crore. Out of the ₹1,266 crore, State Bank of India (SBI) received the largest amount of...
- Abu Dhabi wealth fund in talks with KKR over Italian grid deal: SourcesRome typically welcomes foreign investments but demands assurances that investors will follow the country's national interests. The governm...
- View: The global spread of coronavirus holds lessons for protecting not just citizens, but also global value chainsThe global spread of coronavirus holds lesson for global value chains to rethink their future strategies.
- European shares hit 3-week high on trade hopes, Italy bank gainsStrength among retailers also propped up the market.
- After Italy & Greece, PE seeks to partner Indian lenders for bad loan portfolioKKR was in contention to acquire Jaypee's cement units, which was clinched by Aditya Birla-led UltraTech Cements for Rs 16,000 crore, mostl...
- Bank of Italy gave Monte Paschi 2 billion loan in 2011: ReportsThe Bank of Italy gave EUR 2 bn in emergency funds to struggling Monte dei Paschi bank in 2011 but this was not a secret operation.
- France fights to avoid euro zone bank contagionWith a gaping public deficit, the euro zone's second largest economy wants to be sure it is not sucked into the bloc's game of debt-crisis ...
- Cheaper Swiss loans a big draw for Indian firms; Union Bank, SBI already tapped Swiss institutionsSwitzerland is fast emerging as the fund-raising hub for Indian companies, which are looking to borrow from Europe's new pool of money.
- Fiat mulling new bid for Opel: ReportItalian auto giant Fiat may launch a fresh push to buy Opel, the European arm of US automaker General Motors, a press report said.
- Alitalia receives euro300 mn loan from Italian govtAlitalia said on Monday it had received the euro300 million (US$464 million) loan that the Italian government approved last month to stave ...
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