Chief Financial Correspondent, Italy, Milan
Lisa's Feed
Mar 13, 2014

Generali doubles dividend in show of confidence in turnaround

MILAN, March 13 (Reuters) – Italian insurer Generali
plans to more than double its dividend, showing its
confidence in a turnaround drive that helped it to deliver the
highest annual net profit in six years, even as its home market
struggles to emerge from recession.

Under the leadership of CEO Mario Greco, Europe’s
third-biggest insurer has been shedding non-core assets to boost
its capital base and focus on its most profitable business

Mar 12, 2014
Mar 12, 2014
Mar 11, 2014
Mar 11, 2014
Mar 10, 2014
Mar 9, 2014
Mar 9, 2014
Mar 7, 2014

Bank of Italy scrutinises banks’ property valuations

MILAN, March 7 (Reuters) – The Bank of Italy is hiring up to
five real estate consultants to assess whether banks are
correctly valuing property used as loan collateral amid
depressed market prices, potentially forcing them to set aside
more cash against defaults.

Collateral valuations are one of the biggest sources of
uncertainty for Italy’s banks as they prepare for a Europe-wide
review of the sector, starting this month, with seven banks
already planning to raise more than 7.5 billion euros ($10
billion) to shore up their balance sheets.

    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      English, Italian, French, German, Dutch, Spanish
      2010 Reuters Star Performer Award
    • More from Lisa

    • Contact Lisa

    • Follow Lisa