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 As the end of the Brexit transition period approaches, some UK banks are closing down accounts for their British customers who live in the EU while others are withdrawing services. Are you affected? https://www.thelocal.it/20200921/brits-in-italy-have-you-been-affected-by-the-closures-of-uk-bank-accounts Mon, 21 Sep 2020 11:37:43 +0200 brits-in-italy-have-you-been-affected-by-the-closures-of-uk-bank-accounts Have you stopped carrying around cash in your pocket since the coronavirus epidemic took hold in Italy? We want to hear how your habits have changed when it comes to payments. https://www.thelocal.it/20200916/cash-or-card-how-has-the-epidemic-in-italy-changed-your-payment-habits Wed, 16 Sep 2020 14:42:18 +0200 cash-or-card-how-has-the-epidemic-in-italy-changed-your-payment-habits Opening a bank account in Italy is something most foreign residents will have to do. But do you really know what the best option is or do you just walk in to your nearest high street bank? Share your tips with fellow readers. https://www.thelocal.it/20190429/tell-us-which-bank-offers-the-best-account-for-foreigners-in-italy Mon, 29 Apr 2019 12:53:45 +0200 tell-us-which-bank-offers-the-best-account-for-foreigners-in-italy Celebrities were among those hit by a diamond scam involving four of Italy's biggest banks. https://www.thelocal.it/20190220/italian-police-investigate-banks-in-diamond-scam Wed, 20 Feb 2019 11:32:47 +0100 italian-police-investigate-banks-in-diamond-scam Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to country's banking system, the government announced Sunday. Both face bankruptcy and European authorities had urged Italy to devise a rescue framework, selling off the good assets of the stricken Banca Popolare di Vicenza and Veneto Banca and transferring their toxic assets to a "bad bank," essentially financed by Rome. https://www.thelocal.it/20170626/government-to-pay-17-billion-euro-to-save-banks Mon, 26 Jun 2017 12:36:53 +0200 government-to-pay-17-billion-euro-to-save-banks The ratings agency Fitch on Friday downgraded Italy's long-term debt rating a notch to BBB, one level above the "speculative" grade, citing the country's persistent debt and fiscal problems. https://www.thelocal.it/20170423/italian-debt-rating-downgraded-to-stable Sun, 23 Apr 2017 14:00:52 +0200 italian-debt-rating-downgraded-to-stable New Italian Prime Minister Paolo Gentiloni confirmed Tuesday that his government was prepared to come to the aid of the country's third largest bank if private rescue efforts fail. https://www.thelocal.it/20161213/italys-new-pm-ready-to-save-ailing-banks Tue, 13 Dec 2016 14:50:51 +0100 italys-new-pm-ready-to-save-ailing-banks UniCredit said Thursday it had raised over half a billion euros as part of its latest asset sale, part of Italy's largest bank's effort to boost its funds without raising capital from shareholders. https://www.thelocal.it/20161014/italys-largest-bank-raises-550-million-through-asset-sale Fri, 14 Oct 2016 10:44:38 +0200 italys-largest-bank-raises-550-million-through-asset-sale Brexit has triggered a financial chain reaction that has also exposed the problems of the Italian banking system. https://www.thelocal.it/20160801/how-brexit-opened-up-the-pandoras-box-of-italys-banking-malaise Mon, 01 Aug 2016 12:40:43 +0200 how-brexit-opened-up-the-pandoras-box-of-italys-banking-malaise 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 Italy's number-three bank, Banca Monte dei Paschi di Siena, took a hammering on the stock market on Monday as the European Central Bank told it to slash its large bad-debt burden. https://www.thelocal.it/20160704/brexit-spooked-investors-fret-over-debt-laden-italian-banks Mon, 04 Jul 2016 16:06:03 +0200 brexit-spooked-investors-fret-over-debt-laden-italian-banks Fed up with their banks' reluctance to lend, an Italian dairy cooperative has raised €6 million by issuing bonds guaranteed by huge wheels of Parmesan cheese. https://www.thelocal.it/20160204/cheesed-off-by-banks-try-parmesan-bonds Thu, 04 Feb 2016 09:45:44 +0100 cheesed-off-by-banks-try-parmesan-bonds Italy and the European Union on Tuesday reached agreement on creating a guarantee vehicle to help Italian banks sell bad loans, Finance Minister Pier Carlo Padoan said. https://www.thelocal.it/20160127/debt-laden-italy-seals-bad-loans-deal-with-eu Wed, 27 Jan 2016 09:27:04 +0100 debt-laden-italy-seals-bad-loans-deal-with-eu Italy's banks rebounded on Thursday after the government moved to reassure investors there was no justification for three days of panic selling linked to a toxic loan crisis. https://www.thelocal.it/20160122/italys-banks-rebound-as-crisis-subsidesfor-now Fri, 22 Jan 2016 09:22:21 +0100 italys-banks-rebound-as-crisis-subsidesfor-now Italy was working on Friday to set up a solidarity fund to help small investors hit by the rescue last month of four regional banks, following the suicide of a man whose life savings were wiped out, government sources said. https://www.thelocal.it/20151211/italy-moves-to-bail-out-savers-hit-by-bank-plan Fri, 11 Dec 2015 14:09:15 +0100 italy-moves-to-bail-out-savers-hit-by-bank-plan The death of a pensioner, who killed himself after losing his life savings as a result of a controversial move by the government to rescue four banks, has sparked outrage in Italy, with two consumer associations calling for a criminal case inquiry. https://www.thelocal.it/20151210/man-kills-self-after-losing-100000-in-italy-save-banks-plan Thu, 10 Dec 2015 14:13:39 +0100 man-kills-self-after-losing-100000-in-italy-save-banks-plan A German startup is offering Italians and expats the chance to avoid the hassle of long queues and bureaucracy involved in opening an Italian bank account and do everything on a smartphone - and in English. https://www.thelocal.it/20151209/the-startup-looking-to-revamp-banking-in-italy Wed, 09 Dec 2015 11:39:35 +0100 the-startup-looking-to-revamp-banking-in-italy The Italian government has approved a privately funded rescue plan for four of the country's troubled small-to-medium sized banks. https://www.thelocal.it/20151123/italy-government-okays-36bn-plan-to-save-banks Mon, 23 Nov 2015 11:21:35 +0100 italy-government-okays-36bn-plan-to-save-banks The EU is seeking information from Italy, Spain, Greece and Portugal to determine if they have illegally supported their frail banks, officials said on Tuesday. https://www.thelocal.it/20150407/eu-quizzes-italy-on-bank-aid Tue, 07 Apr 2015 16:47:05 +0200 eu-quizzes-italy-on-bank-aid Nine Italian banks have failed crucial tests of their financial health, leaving a shortfall of €9.41 billion in the country's banking system. https://www.thelocal.it/20141027/nine-italian-banks-fail-european-stress-test Mon, 27 Oct 2014 09:27:00 +0100 nine-italian-banks-fail-european-stress-test