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Italy's Unipol lifts Popolare Sondrio stake in bank-insurance push

UPDATE 2-Italy's Unipol lifts Popolare Sondrio stake in bank-insurance push Adds price of shares, offer MILAN, Sept 28 (Reuters) - Italian financial group Unipol Gruppo UNPI.MI , owner of the country's second-largest insurer, has more than doubled its stake in small lender Popolare di Sondrio (BPSO) BPSI.MI , in a move that could potentially drive consolidation in the sector.
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MPS CEO: bank tax impact unchanged, makes sense to boost reserves

UPDATE 1-MPS CEO: bank tax impact unchanged, makes sense to boost reserves Releads with comments on bank tax, adds details on asset quality By Valentina Za MILAN, Sept 27 (Reuters) - State-owned Monte dei Paschi di Siena does not expect the latest amendments to a one-off Italian tax on lenders to cost it more, while a newly introduced option to set aside funds instead of paying the levy appears sensible, its CEO said.
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Larger Italian banks still seen paying one-off tax despite opt-out offer

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.
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Italian banks up as tweaks to bank tax give lenders option to boost reserves

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
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Italy - Factors to watch on Sept. 25

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
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