Cassa

The banks' main shareholders—the nonprofit foundations that also have a stake in Cassa Depositi e Prestiti—face a challenge in subscribing to new shares as their main source of income is from bank dividends, which have collapsed in recent years as lenders faced capital stress.

Italy Plans State Investment Fund Christopher Emsden 2011

Other investors also are being drawn to Fifth Avenue south of 49th St. Hotels such as Cassa, Setai Fifth Avenue and Andaz opened recently in the area.

Fifth Avenue's New Anchor Craig Karmin 2011

The talks were also attended by China's ambassador to Italy Ding Wei, officials from Beijing's State Administration of Foreign Exchage, or SAFE, and officials from the Cassa Depositi e Prestiti, an investment vehicle controlled by Rome, the person said.

Italian Officials Hold Talks Asking China to Buy Bonds Stacy Meichtry 2011

Asked if the Cassa might buy new shares in Italy's banks, he said; "We'll see."

Italy Plans State Investment Fund Christopher Emsden 2011

Mr. Tremonti said Saturday he expected to involve Cassa Depositi e Prestiti SpA, in the ownership of his planned fund.

Italy Plans State Investment Fund Christopher Emsden 2011

Cassa Depositi e Prestiti, which is majority controlled by the government, set up the Italian Strategic Fund at the request of Economy Minister Giulio Tremonti to emulate a similar fund in France and take significant equity stakes in larger companies.

Tamagnini Named CEO of Italian Strategic Fund Christopher Emsden 2011

The joint venture was first held between BNP Paribas and Italy's Banca Cassa di Risparmio di Firenze, which was later taken over by Intesa.

Intesa Sells Final Stake in Findomestic Dennis Baker 2011

Cassa Depositi e Prestiti SpA, a state-owned lender, also changed its by-laws to enable the lender to acquire stakes in companies deemed of strategic importance to the Italy.

Lactalis Bids for Rest of Parmalat Christopher Emsden 2011

ROME— Maurizio Tamagnini , formerly a top investment banker at Merrill Lynch, has been hired as chief executive of the Italian Strategic Fund SpA, state-controlled lender Cassa Depositi e Prestiti said Monday.

Tamagnini Named CEO of Italian Strategic Fund Christopher Emsden 2011

Some critics worry that creating such a fund, or spurring Cassa Depositi e Prestiti to take equity stakes in selected companies rather than channel the country's postal savings into long-term loans as its current statute allows, would lead to a return of political meddling in the markets.

Italy Plans State Investment Fund Christopher Emsden 2011