Pressure on Renzi as economy contracts
AP - Wed Aug 06, 11:34AM CDT
MILAN (AP) — Official figures show that Italy has slipped back into recession, piling pressure on Premier Matteo Renzi to push through reforms to kick-start Italy's economy.
Why Does Etihad Airways Want to Save Italy's Flag Carrying Airline?
Alexander MacLennan, The Motley Fool - Motley Fool - Sun Jul 13, 1:25PM CDT
Italy's flag carrying airline, Alitalia, has been in financial trouble for years. As recession grips the Eurozone and old inefficiencies continue to be problems, this airline is in need of both a turnaround and new capital. After failing to reach a...
Intesa SanPaolo bank posts big loss, sells assets
By COLLEEN BARRY - AP - Fri Mar 28, 7:27AM CDT
MILAN (AP) — Intesa SanPaolo has cleaned out its books with a 5.8 billion-euro ($7.95 billion) write-down on its investments as it joined other Italian banks in preparing for a rigorous Europe-wide stress test, while announcing a slate of asset sales under a plan to boost earnings and dividends.
Cuba criticizes US embargo fine for AmEx, bank
By PETER ORSI - AP - Tue Jul 30, 11:21AM CDT
HAVANA (AP) — Cuba on Tuesday criticized recent U.S. government sanctions against American Express Co. and an Italian bank for apparent violations of the 51-year-old economic and financial embargo against the island.
Intesa bank Q1 profits down 62 percent
AP - Tue May 14, 10:14AM CDT
MILAN (AP) — Italian bank Intesa SanPaolo says first-quarter earnings fell 62 percent due to lower interest income and higher loan losses.
Intesa SanPaolo returns to full-year profit
By COLLEEN BARRY - AP - Tue Mar 12, 11:09AM CDT
MILAN (AP) — Italian bank Intesa SanPaolo has returned to a full-year profit as higher earnings from trading and cuts offset lower interest income.