trending Market Intelligence /marketintelligence/en/news-insights/trending/QGAWPOoZIlNI-JyyJVDOsA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Italy discussing Popolare di Bari rescue plan with EU

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Italy discussing Popolare di Bari rescue plan with EU

Italian Economy Minister Roberto Gualtieri said the government is discussing Banca Popolare di Bari SCpA's rescue plan with the European Union and that the talks are expected to conclude by early June, Reuters reported.

Gualtieri, who was speaking in a parliamentary hearing, said discussions with the bloc will accelerate once Popolare di Bari's administrators present a restructuring plan for the ailing Italian lender anticipated by the middle of April.

The bank, which was placed under administration in December 2019, potentially needs €1.4 billion in fresh capital, although that figure will be confirmed following a thorough evaluation of Popolare di Bari's assets, especially its loan book and possible legal risks, according to the lender's administrator.

The Italian government has approved a €900 million capital injection for Popolare di Bari to be financed by state-owned Banca del Mezzogiorno - MedioCredito Centrale SpA, while the country's deposit guarantee fund, Fondo Interbancario di Tutela dei Depositi, will also offer some funds, including an immediate cash injection of €310 million.

The bank is set to lose the cooperative status as part of its restructuring, while Gualtieri added that the "transformation of the bank into a joint stock company is necessary and fundamental."