Six banks settle European bond price fixing litigation in New York By Jonathan Stempel NEW YORK, July 26 (Reuters) - Six banks including Bank of America BAC.N and Citigroup C.N agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies JEF.N , NatWest NWG.L , Nomura 8604.T and UBS UBSG.S was filed late Friday in Manhattan federal court, and require

Italy's banks have low exposure to Portugal house market, central bank says MILAN, July 26 (Reuters) - The Bank of Italy on Friday said the country's lenders had a limited exposure to Portugal's residential property market and there was no need to ask them to hold additional capital against such exposure. In October Portugal's central bank introduced an additional capital charge for banks that extended residential property loans to individuals in the country if they used internal risk models to

Italy - Factors to watch on July 26 The following factors could affect Italian markets on Friday. 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 . ECONOMY ISTAT releases July consumer and business confidence data (0800 GMT) and Q2 wage inflation data (0900 GMT).

UPDATE 1-UniCredit drops parts of EU court appeal against ECB's Russia demands Recasts with further comments ROME, July 25 (Reuters) - Italian bank UniCredit CRDI.MI said on Thursday it was dropping some elements in its application to the European Court of Justice against a European Central Bank request to reduce exposure to Russia. The decision to amend the complaint to the court and withdraw parts of it follows clarifications UniCredit received from the ECB, the bank said in a statement on its

REFILE-Warburg Pincus names Sibbald as Europe head, Obermann chair of European business Refiles to make clear Warburg Pincus is a global private equity firm By Emma-Victoria Farr LONDON, July 25 (Reuters) - Global private equity equity firm Warburg Pincus, which was founded in the U.S., has named Andrew Sibbald sole head of Europe and Rene Obermann as chairman of the region, according to an internal memo seen by Reuters on Thursday.