Monthly Archives: June 2017

Shouldn’t Intesa pay more than 1€?

Posted on June 29, 2017 by Massimo Famularo

Ok, I know it is a tricky question, for more than one reason, just to mention a few: No other buyers around (TINA argument) – only top 3 Italian banks are big enough to consider the deal like this Uci … Continue reading →

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Dead Banks Walking: the Italian way to bail-out

Posted on June 26, 2017 by Massimo Famularo

Like “Game of Thrones” or “House of Cards”? You will love Dead Banks Walking an amazing TV series were Italian politicians always make “whatever it takes” to keep their hands on local banks governance pretending to care about savers, macroeconomic … Continue reading →

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Italian Banks Update 2017-06

Posted on June 19, 2017 by Massimo Famularo

Veneto Banca and  Banca Popolare di Vicenza:  Italian finance officials and the European Commission are racing to find a solution for two troubled banks in the northern Veneto region that have weighed on the nation’s financial system. The Italian government … Continue reading →

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Italian NPL Market Update 2017-06 (update 16th June)

Posted on June 16, 2017 by Massimo Famularo

Project Rossini a secured NPL portfolio sale worth 1Bn€ has received some 30 Non Binding offers. The deal, named after a world famous Italian music composer born in Marche region (where 70% of the loan on sale is said to … Continue reading →

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Italian NPL Market Update 2017-06

Posted on June 7, 2017 by Massimo Famularo

Banca Mediocredito del Friuli Venezia Giulia has signed a binding agreement to sell to Bain Capital Credit a non-performing exposures portfolio valued 400 million euros (gbv) (see here the press release) IntesaSanpaolo is carrying a strategy to reduce its NPl stock In the first … Continue reading →

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