Is the bad debt situation in Italy accelerating? Stefano Caselli, professor of banking and insurance at Bocconi University, weighs in about the state of Italy’s banks, in particular BMPS. » Read More
European stocks closed sharply higher on Friday, buoyed by a recovery in oil prices and dovish remarks from the ECB.
Italian lender does not need a capital increase and has a very strong liquidity position, says chairman.
European stocks finished sharply higher on Thursday, as investors cheered the latest European Central Bank news.
Italy's government is concerned by the rout in domestic banking shares, but the system is solid, Prime Minister Matteo Renzi was quoted as saying.
European stocks ended sharply lower on Wednesday, as a sharp drop in oil prices added pressure to equities in all sectors.
European stocks posted strong gains by Tuesday's close, helping by positive trade in Asia and a rebound in mining stocks.
Banks including UniCredit say the European Central Bank has asked for data on their bad loan portfolios.
European stocks closed slightly lower on Monday, as investors struggled to shake off concerns surrounding the persistent low oil prices.
European equities finished lower in thin trade on Monday as oil prices fell.
European stocks closed sharply lower on Thursday, as the fallout from the Volkswagen emissions scandal caused auto stocks to tumble.
Asian shares traded mixed on Thursday, with Japan's Nikkei 225 index lagging on its first day of trade following a five-day long weekend.
European markets finished Friday in the red, after investors digested the latest U.S. jobs report for July.
European stocks closed sharply higher on Friday after investors took heart from a rebound in China and reforms proposals from Greece.
European markets ended sharply lower on Tuesday as concerns that Greece's negotiations with its creditors will drag on without a viable debt plan.
Europe closed lower on Monday, after Greeks voted "no" to creditors' reform proposals and Greek Finance Minister Yanis Varoufakis resigned.
European equities closed lower on Monday as the Greek crisis entered a new phase following the imposition of capital controls to prevent a run on the country's banks.
A deepening Greek crisis hit global markets on Monday, with the DAX and CAC falling 3.5 percent and U.S. futures indicating a sharply lower open.
Europe markets extended losses to close lower Tuesday, following U.S. stocks into negative territory with investors reacting to corporate earnings and Greece concerns.
European equities finished mixed on Monday, with the French index the worst performer out of the major bourses, dragged down by shares of Airbus.
Italy has become a hunting ground for Chinese companies keen to take control of prized but cash-strapped names like Pirelli.