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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Armed with a Bic biro pen, a man managed to rob five banks in Rome. He was snared only when savvy staff at his sixth target realised the harmless 'weapon' was not a knife.
Restricted lending by Italian banks is hampering the country's recovery, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.
