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MILAN, Oct 8- Italian banks are parking their money in domestic government bonds rather than lending it to businesses, central bank data showed on Monday, signalling a worsening credit crunch in the euro zone's third largest economy.
Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.
*MPS chairman says Italy risks credit crunch in 2 yrs time. MILAN, Oct 4- Italian banks may need to roll over cheap three-year loans they took from the European Central Bank to avoid a credit crunch, the chairman of the country's third-biggest lender, Banca Monte dei Paschi di Siena, said on Thursday.
MILAN, Oct 4- Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi.
The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs.
By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
MILAN, Oct 3- Italy's No.3 lender Banca Monte dei Paschi di Siena confirmed it had failed to meet a European Banking Authority request to plug a capital shortfall by the end of June. In a statement on Wednesday, Monte Paschi said it had a capital shortfall of 1.728 billion euros at the end of June, a situation that had prompted it to ask for state support.
*Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
SIENA, Oct 1- Banca Monte dei Paschi di Siena. has agreed a deal to sell a 60 percent stake in Biverbanca to Cassa di Risparmio di Asti, chief executive Fabrizio Viola said on Monday. The sale of the stake had been held up by a row over Biverbanca's 2.1 percent shareholding in the Bank of Italy.
MILAN, Oct 1- The main shareholder of Banca Monte dei Paschi di Siena said on Monday it had sold on the market a 1.41 percent stake in the world's oldest bank. Monte Paschi, the country's third-biggest lender, was forced to request state aid in June to plug a capital shortfall and meet tougher European requirements.
The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent’s leading banks to meet tough new capital requirements, say three people familiar with the process, the Financial Times reports.