European Union leaders were locked in last-minute talks to clear the appointment of Italy’s Mario Draghi as European Central Bank president in a showdown that raised fresh questions over the bank’s independence.
BusinessWeek.com — Finance
Antonio Fazio, a former Bank of Italy governor, was sentenced to four years in jail by a Milan court for his role in the takeover attempt of Banca Antonveneta SpA by Banca Popolare Italiana Scrl, lawyer Franco Coppi said today in a telephone interview.
BusinessWeek.com — Finance
Bank of America Corp., the largest U.S. lender by assets, increased its wagers in Italy and Spain by $ 888 million in the three months ended March 31.
BusinessWeek.com — Finance
Italy’s finance police seized 22 million euros ($ 29 million) from six lenders including Bank of America Corp., alleging they defrauded five central Italian municipalities in a series of derivatives contracts.
BusinessWeek.com — Finance
Nov. 30 (Bloomberg) — The Italian government has been forced to cut funding to municipalities and proposed allowing local governments to keep as much as 3.6 billion euros ($ 4.7 billion) in proceeds projected from the sale of 12,000 properties starting across the country next year.
BusinessWeek.com — Finance
European stocks fell as equities in Spain, Italy and France retreated. The Stoxx Europe 600 Index slid 0.6 percent to 265.06 at 10:46 a.m. in London, erasing an earlier gain of as much as 0.8 percent.
BusinessWeek.com — Finance
European stocks retreated, erasing earlier gains, as equities in Italy and Spain declined. The Stoxx Europe 600 Index lost 0.4 percent to 265.66 at 10:11 a.m. in London, having earlier risen as much as 0.8 percent.
BusinessWeek.com — Finance
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