Category Archives: Montecillo Monthly Digest

Italian Bank NPLs: Montecillo March 2016 News Digest

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The ECB has not only required capital increases from Banca Popolare di Vicenza and Veneto Banca, but is also imposing strict deadlines. Vicenza’s is now, and Veneto’s capital increase is set for June. The hurried meetings of banks called by Padoan’s team during February have given birth to atlante, a privately funded vehicle pooling resources […]

Italian Bank NPLs: Montecillo February 2016 News Digest

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After a year lost as we all awaited the result of Italy and Brussels arguing about what did and did not constitute state aid, everybody has now figured out the limited impact of the Treasury guarantee, and estimates are getting bigger of how much recapitalization the Italian banks are going to need. After Barclays’ initial […]