Chief Financial Correspondent, Italy, Milan
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Aug 31, 2013
Aug 25, 2013
Aug 25, 2013
Jul 25, 2013
Jul 25, 2013

Exclusive: Vatican, Italy near deal on bank information exchange – sources

ROME (Reuters) – Italy and the Vatican are about to reach a deal allowing for the first time regular exchange of financial information between the two states to combat money laundering, several sources with direct knowledge of the situation told Reuters.

The Vatican is pushing to reform its bank, the Institute for Works of Religion (IOR), whose reputation has been tarnished by three decades of scandals. Such a pact would mark a first significant step towards normalizing banking relations with Italy.

Jul 25, 2013

Vatican, Italy near deal on bank information exchange-sources

ROME, July 25 (Reuters) – Italy and the Vatican are about to
reach a deal allowing for the first time regular exchange of
financial information between the two states to combat money
laundering, several sources with direct knowledge of the
situation told Reuters.

The Vatican is pushing to reform its bank, the Institute for
Works of Religion (IOR), whose reputation has been tarnished by
three decades of scandals. Such a pact would mark a first
significant step towards normalising banking relations with
Italy.

Jul 15, 2013

Ex-Vatican bank officials broke anti-money laundering laws, prosecutors say

ROME, July 15 (Reuters) – Prosecutors allege two former top
executives at the Vatican bank repeatedly broke Italian laws on
money laundering by failing to give sufficient information when
ordering multi-million-euro bank transfers, according to
judicial documents seen by Reuters.

While the prosecutors stopped short of accusing two men who
were until recently the top officials at the Vatican bank of
money laundering, they said confusion over the handling of IOR
accounts had created the conditions where it could take place.

Jun 21, 2013

Mediobanca stake sale plan ends grip on corporate Italy

MILAN, June 21 (Reuters) – Mediobanca, under
pressure to improve returns for shareholders, plans to sell
almost all of its stakes in major companies, ending half a
century of influence at the heart of Italian business to focus
on banking.

The bank’s Chief Executive Alberto Nagel said on Friday
Mediobanca aimed to cut 2 billion euros of equity holdings
through sales and writedowns to concentrate on its core banking
operations, a move that will push the bank in the red this year.

Jun 21, 2013
Jun 19, 2013
    • 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:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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