ROME, Dec 15- Italian Prime Minister Matteo Renzi faced a mounting furore on Tuesday and a motion of no confidence in parliament over the rescue of four banks that wiped out the savings of thousands of retail investors. Italy saved Banca Marche, Banca Etruria, CariChieti and CariFe at the end of November, drawing 3.6 billion euros from a crisis fund financed by the...
*Italy rushed to save 4 failing banks before EU rule change. ROME/ MILAN, Dec 11- Four Italian banks that were rescued by the government may have mis-sold bonds to retail investors by not adequately warning them that they could lose their money, the economy minister said on Friday. Italy salvaged Banca Marche, Banca Etruria, CariChieti and CariFe at the end of...
ROME, Dec 10- The death of a pensioner who lost money in Italy's rescue of four small savings banks has turned up the heat on the government, adding politicians to the investors already in an uproar over its handling of the move. The man hanged himself in a communal staircase at his home in Civitavecchia, near Rome, in late November, a police source said on Thursday.
MILAN, Nov 19- Italian funds who are investors in Telecom Italia are worried that Vivendi, the. The French media group wants to increase the number of board members to 17 from the current 13 and appoint three top Vivendi executives and a French consultant as its representatives at a mid-December shareholder meeting. Vivendi replaced Telefonica as TI's single...
*Ahold, Henkel also rally after results. LONDON/ MILAN, Nov 11- European shares rose on Wednesday after well-received earnings reports from companies including Henkel and as Carlsberg's new management outlined restructuring plans, sending the brewing group's shares soaring. "If there's a one-off rate rise from the Fed, the market has enough appetite in it to...
MILAN, Oct 21- Italian broadcaster Mediaset and Google have clinched a content deal that brings an eight-year legal dispute to an end and opens prospects for future cooperation, the two companies said on Wednesday. Mediaset, controlled by former Prime Minister Silvio Berlusconi, said in a joint statement with the U.S. internet search company the agreement was...
ROME, Oct 20- A recent front-page cartoon in Italy's mainstream newspaper Corriere della Sera depicted elderly former Prime Minister Silvio Berlusconi affectionately holding the hand of his little ice-cream licking "son" Matteo Renzi, the current premier. The sketch summed up a growing perception in Italy that 40- year-old Renzi, leader of the center-left...
Francesco Galietti, founder and CEO of Policy Sonar, says Silvio Berlusconi is likely to try and turn his community service into a political opportunity, and that his lack of official successor is hurting his Forza Italia party.
Francesco Galietti, founder and CEO of Policy Sonar, likens Italian politics to a "Machiavellian play" ahead of Berlusconi's court hearing and discusses the impact the electoral reform could have.
Italian soccer giant AC Milan is weighing a sale, Bloomberg has reported, citing three sources with knowledge of the matter.
Italian Senate has approved the expulsion of former Italian Prime Minister Silvio Berlusconi from parliament. CNBC's Michelle Caruso-Cabrera offers details.
Nicola Borri, assistant professor of economics at LUISS University in Rome, says "everybody" expects Silvio Berlusconi to be ousted from the Italian Parliament, and discusses the impact this would have on reforms.
Lucio Malan, Italian senator for the PDL, says there is a risk for a "little split" within Berlusconi's PDL party and that the former prime minister would remain leader even if he was expelled from Parliament.
Berlusconi has formally asked to do a year of community service rather than be jailed or put under house arrest after his conviction for tax fraud.
The restructuring of Europe's banks will be positive in the end, the head of Italy's main stock exchange told CNBC on Monday.
An Italian Senate committee on Friday recommended that Silvio Berlusconi be expelled from the Senate following his conviction for tax fraud in August.
Jacopo Barigazzi, co-founder of Linkiesta, says that it is the "beginning of the end" for Silvio Berlusconi, but he could still be popular with voters.
Silvio Berlusconi is renowned for his off-color remarks and personal scandal.
Antonio Garcia Pascual, chief euro area economist at Barclays, talks about Italy's key issues including structural reforms and how Wednesday's confidence vote could impact them.
Annalisa Piazza, senior economist at Newedge, comments on the political turmoil in Italy, where up to 20 senators from Berlusconi's PDL party could resign.