Larger Italian banks still seen paying one-off tax despite opt-out offer By Valentina Za MILAN, Sept 25 (Reuters) - Italy's larger banks are still expected to pay a one-off banking tax despite the government at the weekend offering lenders a way out in return for putting aside cash to boost reserve buffers. The government sparked a market rout last month with the surprise announcement of a 40% tax on the profits banks are reaping from rising interest rates.
BUZZ-Italian banks up as tweaks to bank tax give lenders option to boost reserves ** Italy's bank index .FTITLMS3010 rises 0.5% after news that Italy will tweak a contested windfall tax on banks ** It will give lenders the option to boost their non-distributable reserves by an amount equivalent to 2.5x the levy instead of paying the tax, government
Italy - Factors to watch on Sept. 25 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Asylum seekers in Italy will have to pay 4,938 euros ($5,259) to avoid detention while their request for protection is being processed, the government said on Friday, in a measure apparently aimed at deterr
Italy has no buyers for MPS, eyes small share sales instead of exit - sources MILAN, Sept 22 (Reuters) - Italy is unable to sell out of Monte dei Paschi di Siena (MPS) BMPS.MI in the near term because of a lack of interested buyers and may proceed instead by placing small blocks of shares on the market, two people close to the matter said on Friday. Italy owns 64% of the Tuscan bank following a 2017 bailout, which the European Union cleared at the time on condition the state aid is temporary.
Italy has no buyers for MPS, eyes small share sales instead of exit - sources MILAN, Sept 22 (Reuters) - Italy is unable to sell out of Monte dei Paschi di Siena (MPS) BMPS.MI in the near term because of a lack of interested buyers and may proceed instead by placing small blocks of shares on the market, two people close to the matter said on Friday. Italy owns 64% of the Tuscan bank following a 2017 bailout, which the European Union cleared at the time on condition the state aid is temporary.
