Italy Offers Banks Get-Out Clause on Divisive Windfall Tax

[ad_1] Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The Italian government modified a controversial windfall tax on banks, giving lenders…

Italy Starts 20% Sale of Paschi in Accelerated Book Building

[ad_1] Italy is selling about 20% of Banca Monte dei Paschi di Siena SpA for at least €728 million ($796 million), as part of its plan to divest from the…

Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds

[ad_1] Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar…

Monte Paschi Sale Process Kicks Off as Italy Hires Advisers

[ad_1] Italy began the process of selling Banca Monte dei Paschi di Siena SpA by hiring advisers as Prime Minister Giorgia Meloni seeks to maximize the value of the state’s…