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Intesa Sanpaolo board tasks CEO with completing purchase of Veneto banks' assets


MILAN The board of Italy's biggest retail bank Intesa Sanpaolo has tasked CEO Carlo Messina with completing the purchase of the good assets of two ailing Veneto-based lenders, a source close to the matter said on Sunday.

Italy holds emergency cabinet meeting over Veneto banks

ROME The Italian cabinet convened on Sunday afternoon to approve an emergency decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, the prime minister's office said.

11:27am EDT

Italy to appoint special administrators for Veneto lenders: source

ROME The Italian government will appoint special administrators for two ailing Veneto-based regional banks which are being wound down under national insolvency procedures, a source with knowledge of the matter said on Sunday.

10:49am EDT

Vision and screwdrivers: Macron and Merkel converge on Europe

BRUSSELS Back in January, when his chances of winning the French presidency were considered slim, Emmanuel Macron came to Berlin and spelled out what he felt was needed to fix Europe.

10:38am EDT

Talks with Northern Ireland's DUP on UK government support progressing well: Patel

LONDON Talks with Northern Ireland's Democratic Unionist Party on a deal to prop up Britain's minority government in parliament are "progressing in the right way", the international development secretary, Priti Patel, said on Sunday.

9:33am EDT

Britain's Davis 'pretty sure' he'll get good deal to leave EU

LONDON Britain's Brexit minister David Davis said on Sunday he was "pretty sure" he could negotiate a good deal to leave the European Union, something that would require a transitional arrangement for around one or two years.

6:43am EDT

Brexit commission needed to draw poison from debate: Archbishop

LONDON The Archbishop of Canterbury, Justin Welby, called on Prime Minister Theresa May on Sunday to set up a cross-party commission to "draw much of the poison" from the debate over Britain's decision to exit the European Union.

6:02am EDT

Some UK ministers want Hammond as caretaker PM: Sunday Times

LONDON Some leading members of Britain's ruling Conservative Party want finance minister Philip Hammond to become prime minister, replacing Theresa May and steering the country through the Brexit process, the Sunday Times reported.

Jun 24 2017

UK to maintain duty-free access for developing countries after Brexit

LONDON Britain said it will maintain duty-free access to its markets once it has left the European Union for goods from nearly 50 developing countries including Bangladesh, Sierra Leone and Haiti.

Jun 24 2017

Italian government decree for Veneto banks delayed to Sunday: source

MILAN An Italian government decree that will start liquidation proceedings for two ailing Veneto-based lenders, Banca Popolare di Vicenza and Veneto Banca, is set to be delayed to Sunday, a government source said.

Jun 24 2017

More From Around the Web


Merkel rival puts stronger Europe at center of German election

DORTMUND/BERLIN, Germany With Germany's Social Democrats (SPD) slumping in the polls, its leader called on the party to take on Chancellor Angela Merkel in a September election on a program of investment, social justice and a stronger Europe.

Amid criticism from rights group, France talks tough on Calais migrants

CALAIS, France France's interior minister on Friday ruled out a new migrant reception center in Calais and said he would deploy extra riot police to contain a new influx of people roaming the port city in search of food and shelter.


Italy votes in local elections that may boost the center-right

ROME People in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster center-right parties ahead of a national election due in less than a year.

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