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
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.