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  • MILAN, June 26- Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff. Italy began winding up the two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros...

  • *Intesa says Veneto banks crisis would have hit whole industry. MILAN/ ROME, June 25- Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo. The deal, approved by the European Commission, allows Italy to...

  • SHANGHAI, June 23- China's yuan softened against the U.S. dollar on Friday and is set for its worst week in more than three months, dampened by weaker guidance and rising corporate demand for the greenback. The People's Bank of China set the midpoint rate at 6.8238 per dollar prior to market open, the weakest since May 31, softer than the previous fix 6.8197.

  • An EU extension to sanctions against Moscow could lead to a new arms race, according to the chief executive of Russia's VTB Bank.

  • A combination photo shows, left to right, Thomas Kalaris, former chief executive officer of Barclays Wealth, Roger Jenkins.

    Barclays and four former senior executives have been criminally charged in a high-profile UK investigation into undisclosed payments to Qatari investors.

  • What's working: Upside potential in banks

    A mix of big and small banks can be in the mix, says Gerard Cassidy, RBC Capital Markets, providing insight to opportunities in bank stocks.

  • A cyclist rides past the Swiss National Bank's headquarters in Bern, Switzerland.

    The Swiss National Bank maintained its ultra-loose monetary policy on Thursday in a bid to reduce upward pressure on the strong Swiss franc.

  • ROME/ BRUSSELS, June 13- Italy is close to agreeing with the European Commission a deal to rescue ailing regional banks Popolare di Vicenza and Veneto Banca while limiting losses for investors, the country's economy minister said on Tuesday. Italy is racing to get a deal on bailing out the two Veneto- based lenders to stem a deposit flight which has already forced...

  • SHANGHAI, June 12- A small majority of traders in China's financial markets think its central bank will likely raise short-term interest rates this week if the U.S. It also dovetailed with China's pledges to tackle risks from an explosive rise in debt. Six out of 10 traders in China's money, forex and bond markets asked by Reuters said they believed China would...

  • NEW YORK, June 9- A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and thats not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. Last year, investors bet heavily that smaller, entirely U.S.-focused banks would benefit most from Donald Trump's promises of...

  • NEW YORK, June 9- A rough few months for most U.S. bank stocks has been particularly unkind to regional banks, and thats not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. Last year, investors bet heavily that smaller, entirely U.S.-focused banks would benefit most from Donald Trump's promises of...

  • MILAN, June 8- Healthy Italian banks would have to shell out 11 billion euros to protect depositors at Veneto Banca and Popolare di Vicenza if the two ailing regional banks were to be wound down, two sources familiar with the matter said on Thursday. If the two Veneto- based banks were to be wound down, domestic rivals would have to replenish that fund.

  • MILAN, June 8- Italian banks are considering assisting in a rescue of troubled lenders Popolare di Vicenza and Veneto Banca by pumping 1.2 billion euros of private capital into the two regional banks, sources familiar with the matter said. The two banks need 6.4 billion euros in capital. However, one source said on Thursday the banks were aware that it would be much...

  • *Italy situation different due to lack of buyer, govt opposition. *More dithering risks aggravating Italy banks' crisis-source. Italy is struggling to resolve a crisis inside two regional banks, Banca Popolare di Vicenza and Veneto Banca, which are in an even weaker position in terms of capital than Banco Popular, according to the EU official who declined to...

  • BRUSSELS, June 7- European Union regulators believe their rescue of Spanish lender Banco Popular has strengthened the case for intervening in Italy's two weakest lenders, but expect it will be harder to use the same approach, a senior EU official said on Wednesday. Italy is struggling to resolve a crisis inside two regional banks, Banca Popolare di Vicenza and...

  • What banks look at before funding start-ups: CEO

    Greg Becker, Silicon Valley Bank CEO, talks about which factors are taken into consideration before lending capital to entrepreneurs.

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region...

  • ROME/ MILAN, May 25- Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a "bail-in" hit the lenders' debt. Italy has been seeking European Union approval for months to rescue the two banks based in the northeastern Veneto region and...

  • MILAN, May 25- Italy is working with European authorities to find a rapid solution for troubled regional banks Popolare di Vicenza and Veneto Banca, the government said, as investors worried that the lenders may fail to get the state aid they have requested. Italy has been in talks with Brussels for months over its plans to rescue the two banks based in the...