News Italy Banks: Bank of Italy scrutinises smaller banks' funding from online deposit platforms
Smaller Italian banks have increased reliance on funding they raise abroad through online deposit platforms, the Bank of Italy said on Wednesday, as regulators step up monitoring of the practice. The March 2023 banking turmoil, where rapid online deposit outflows led to the collapse of Silicon Valley Bank in the United States, has increased supervisory concerns about lenders' reliance on deposits that customers can withdraw with a click. After studies found that digital deposits can accelerate outflows at times of stress, regulators are checking whether they are adequately monitoring and measuring lenders' liquidity risks from their increased use of digital funding channels, the Bank of Italy said in its latest Financial Stability Report.
News Italy Banks: Italy targets banks in revenue hunt for 2027 budget
By Giuseppe Fonte ROME, Sept 8 (Reuters) - Italian banks should contribute up to €3 billion euros ($3.49 billion) to help the government fund tax cuts and spending hikes in next year's budget, the co-
News Italy Banks: Italy’s tottering banks
ITALY is the eurozone’s third strongest economy. It is a country with a post-war history of almost constantly revolving governments. Yet despite the political instability, economically Italy has been ...
News Italy Banks: Italian bank BPER improves offer for Carige -sources
Italy's fifth-largest bank BPER Banca has improved its offer for ailing peer Carige to prevail over rival suitor Credit Agricole Italia , two sources close to the matter said on Sunday.
News Italy Banks: Italy’s Companies See 2022 Inflation at 3.2%, Bank of Italy Says
Italian companies expect prices to rise 3.2% in the next 12 months as energy price increases and supply chain snags put pressure on companies, the Bank of Italy said. Expectations were revised upwards ...
News Italy Banks: Growth in Italian bank loans to firms edges down in November
The pace of growth in Italian bank lending to businesses slowed in November, data showed on Wednesday. A monthly Bank of Italy report on the balance sheets of domestic banks showed loans to ...
