https://feeds.thelocal.com/ Read the latest news and views from Italy in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Italian bank UniCredit, in the midst of a massive overhaul, said on Thursday that its net profit rose modestly in the second quarter, beating expectations. https://www.thelocal.it/20170803/unicredit-beats-expectations-with-rise-in-profits Thu, 03 Aug 2017 11:49:43 +0200 unicredit-beats-expectations-with-rise-in-profits UniCredit said on Wednesday that hackers obtained information on about 400,000 of its Italian customers, but not data that would give them access to bank accounts. https://www.thelocal.it/20170726/unicredit-says-hackers-get-data-on-400000-clients Wed, 26 Jul 2017 13:30:00 +0200 unicredit-says-hackers-get-data-on-400000-clients Italy's troubled third largest bank, Monte dei Paschi di Siena (BMPS), said on Tuesday that the European Central Bank has called for it to receive a bailout of €8.8 billion ($9.2 billion). https://www.thelocal.it/20161227/italian-bank-bmps-says-ecb-wants-it-to-get-88bn-euro-bailout Tue, 27 Dec 2016 11:19:45 +0100 italian-bank-bmps-says-ecb-wants-it-to-get-88bn-euro-bailout Stumbling across an enormous pile of cash during a clear-out of the attic is a fantasy come true - and it's exactly what happened to one northern Italian woman. But there's a catch: she's unable to convert the hoard into modern money, rendering it worthless. https://www.thelocal.it/20161025/italian-finds-37-million-lira-in-her-attic-but-cant-convert-them-to-euro Tue, 25 Oct 2016 14:37:23 +0200 italian-finds-37-million-lira-in-her-attic-but-cant-convert-them-to-euro Italian police said on Wednesday they had busted a major credit and bank card forgery ring, which also ran a prostitution racket. https://www.thelocal.it/20160907/italy-police-nab-gang-of-bank-card-fraudsters Wed, 07 Sep 2016 16:43:16 +0200 italy-police-nab-gang-of-bank-card-fraudsters By the end of the year, Italy will face a day of reckoning - and it could be voters who seal the country's fate. https://www.thelocal.it/20160819/why-discontented-italians-could-derail-their-economy Fri, 19 Aug 2016 14:38:07 +0200 why-discontented-italians-could-derail-their-economy Italian police were left red-faced on Friday after thieves robbed a bank despite warnings from local residents that they could hear a tunnel being dug, according to media reports. https://www.thelocal.it/20160812/italy-bank-thieves-in-audacious-tunnel-escape Fri, 12 Aug 2016 22:43:08 +0200 italy-bank-thieves-in-audacious-tunnel-escape A gang of counterfeiters in southern Italy were caught red-handed as they printed fake €20 bills - a new banknote reputed to incorporate the latest tricks to defeat forgers. https://www.thelocal.it/20160720/italian-counterfeiters-crank-out-new-20-note-in-naples Wed, 20 Jul 2016 16:53:06 +0200 italian-counterfeiters-crank-out-new-20-note-in-naples Bank of Italy Governor Ignazio Visco said on Friday that public intervention in the country's banks was not to be ruled out amid growing fears the sector's €360 billion ($398 billion) in bad debt would trigger a potentially contagious banking crisis. https://www.thelocal.it/20160708/bank-of-italy-head-hints-at-public-invervention-in-ailing-sector Fri, 08 Jul 2016 19:13:57 +0200 bank-of-italy-head-hints-at-public-invervention-in-ailing-sector A seven-year-old Italian schoolgirl stunned her father when she unearthed a woolly mammoth fossil on the banks of the River Po. https://www.thelocal.it/20160616/seven-year-old-finds-woolly-mammoth-bone-near-river-po Thu, 16 Jun 2016 13:00:57 +0200 seven-year-old-finds-woolly-mammoth-bone-near-river-po Stormy weather is forecast as the Italy gears up to celebrate Republic Day on Thursday. https://www.thelocal.it/20160601/cyclone-valcherie-set-to-bring-storms-and-showers-for-national-holiday Wed, 01 Jun 2016 18:54:22 +0200 cyclone-valcherie-set-to-bring-storms-and-showers-for-national-holiday German banking giant Deutsche Bank is the target of a criminal probe into government bond market manipulation, the bank and plaintiffs said on Friday. https://www.thelocal.it/20160506/deutsche-bank-targeted-in-italian-government-bond-probe Fri, 06 May 2016 16:10:00 +0200 deutsche-bank-targeted-in-italian-government-bond-probe Italy announced the creation of a €5 billion ($5.7 billion) fund on Monday to take on bad loans and guarantee that weakened banks can be recapitalized, financial news agency Radiocor reported. https://www.thelocal.it/20160412/italy-launches-5-billion-fund-to-tackle-bad-debt-report Tue, 12 Apr 2016 10:37:30 +0200 italy-launches-5-billion-fund-to-tackle-bad-debt-report Firemen were called to Vicenza's central branch of UniCredit on Thursday morning, after a two-year-old girl managed to lock herself inside a safe. https://www.thelocal.it/20160219/italy-firemen-rescue-little-girl-locked-in-bank-safe Fri, 19 Feb 2016 16:33:27 +0100 italy-firemen-rescue-little-girl-locked-in-bank-safe A European body that combats money laundering and terrorist financing on Tuesday told the Vatican to start prosecuting people found to have used its scandal-hit bank and asset management body for criminal ends. https://www.thelocal.it/20151215/eu-body-asks-vatican-for-real-results-on-murky-finances Tue, 15 Dec 2015 14:38:21 +0100 eu-body-asks-vatican-for-real-results-on-murky-finances Prime Minister Matteo Renzi on Thursday vowed to help shareholders and bondholders, after the government came under fire for a bank rescue plan that led one pensioner to commit suicide after losing his entire savings. https://www.thelocal.it/20151210/renzi-vows-to-help-savers-hit-by-bank-rescue Thu, 10 Dec 2015 17:10:44 +0100 renzi-vows-to-help-savers-hit-by-bank-rescue UniCredit, Italy's second-largest lender by market value, said it will cut 18,200 jobs by 2018 in a bid to save €1.6 billion. https://www.thelocal.it/20151111/unicredit-to-shed-18200-jobs Wed, 11 Nov 2015 15:26:53 +0100 unicredit-to-shed-18200-jobs Ignazio Visco, the governor of Italy’s central bank, is being investigated over allegations of corruption, fraud and abuse of office related to the sale last year of Banca Popolare di Spoleto (BPS). https://www.thelocal.it/20151021/bank-of-italy-boss-in-corruption-probe Wed, 21 Oct 2015 12:20:31 +0200 bank-of-italy-boss-in-corruption-probe The Holy See's accounts remained in the red in 2014 but showed more than €1 billion in previously off-the-books assets, a statement said on Thursday, following a drive to clean up the Vatican's finances. https://www.thelocal.it/20150717/vatican-funds-boosted-by-newly-declared-assets Fri, 17 Jul 2015 10:05:10 +0200 vatican-funds-boosted-by-newly-declared-assets The Vatican said on Wednesday it had signed an agreement to share financial information with Italy in a bid to stamp out tax evasion within the once-secretive city state. https://www.thelocal.it/20150401/vatican-and-italy-unite-against-tax-evaders Wed, 01 Apr 2015 16:54:12 +0200 vatican-and-italy-unite-against-tax-evaders