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Latest Bank of Italy Stories

2005-12-20 15:19:25

By Paolo Biondi ROME (Reuters) - Italy's government is close to agreement on a new Bank of Italy governor, Prime Minister Silvio Berlusconi said on Tuesday, a day after Antonio Fazio resigned the post amid allegations of malpractice in a takeover scandal. Berlusconi's cabinet had threatened to oust Fazio, who had become an embarrassment to Italy as it emerged he was under investigation for abuse of office and insider trading in his role as supreme arbiter of bank takeovers. "I think...

2005-12-19 14:23:55

By Crispian Balmer ROME (Reuters) - Bank of Italy Governor Antonio Fazio resigned on Monday, finally succumbing to months of intense pressure over allegations of ill practice in a bank takeover scandal that has tarnished Italy's international image. Italian politicians and business leaders heaved a collective sigh of relief at the news, which came just as the government was preparing legislation aimed at forcing Fazio from office. The Bank of Italy said Fazio's resignation would be...

2005-12-19 12:34:28

ROME (Reuters) - Bank of Italy Governor Antonio Fazio decided to resign on Monday "to restore calm" to the country and its central bank, the institution said in a statement. "The decision, taken autonomously with a tranquil conscience, was taken to restore calm, in the greater interest of the country and the Bank of Italy," the statement said. Fazio's position became untenable after it emerged last week that he was being investigated by Milan prosecutors for suspected insider trading...

2005-12-19 12:38:29

ROME (Reuters) - Bank of Italy Governor Antonio Fazio resigned on Monday, succumbing to months of intense pressure after he was mired in a bank takeover scandal that has bruised Italy's international image. The Bank of Italy said in a statement Fazio had decided to stand down in an effort to help the central bank and Italy itself to emerge from the turmoil. "The decision, made autonomously with a clear conscience, was taken to restore calm, in the greater interest of the country and...

2005-10-10 09:13:07

By Valentina Consiglio and Rachel Sanderson ROME (Reuters) - Bank of Italy Governor Antonio Fazio was questioned for five hours on Monday by magistrates investigating a bank takeover scandal that has prompted calls for his resignation and tainted Italy's image. Fazio's court appearance took the affair to a new level, putting it in the hands of the judiciary after Italy's politicians appeared to have lost interest because of their inability to oust him. Communications Minister Mario...

2005-10-10 08:22:05

By Valentina Consiglio ROME (Reuters) - Bank of Italy Governor Antonio Fazio was questioned on Monday by magistrates investigating a bank takeover scandal that has prompted calls for his resignation and tainted Italy's image. Fazio's court appearance has taken the affair to a new level, putting it in the hands of the judiciary after Italy's politicians appeared to have lost interest because of their inability to oust him. Communications Minister Mario Landolfi reiterated on Monday...

2005-10-09 20:18:37

By Crispian Balmer ROME (Reuters) - Bank of Italy Governor Antonio Fazio will be questioned on Monday by magistrates investigating him for abuse of office in a bank takeover battle, a legal source said. Fazio was placed under official investigation in August over accusations that he was unfairly biased in favor of an Italian bank that was bidding against a Dutch competitor for control of domestic lender Antonveneta. Fazio has denied any wrongdoing and resisted calls from across the...

2005-09-29 13:58:17

By Tiziana Barghini and Gavin Jones ROME (Reuters) - Bank of Italy Governor Antonio Fazio has been put under criminal investigation in a takeover case, a judicial source said on Thursday after the banker won a vote of confidence from the only body that can fire him. Rome prosecutors have included Fazio among those under investigation for possible crimes in a cross-border banking takeover battle and will be questioned by two magistrates for suspected abuse of office, the judicial...

2005-09-23 05:55:15

By Nelson Graves ROME (Reuters) - Italy's central bank governor on Friday spurned a demand from Prime Minister Silvio Berlusconi to quit over a takeover scandal, posing a fresh challenge to his authority after the abrupt resignation of his economy minister. Bank of Italy Governor Antonio Fazio is in Washington for meetings of the Group of Seven and the International Monetary Fund, defying Berlusconi's call for the central banker to step down to save the country's international...

2005-09-22 14:39:59

By Paolo Biondi and Gavin Jones ROME (Reuters) - In a day of political tumult, Prime Minister Silvio Berlusconi lost his economy minister on Thursday, named a new one, put his own job on the line and told Italy's central bank governor he should step down. Berlusconi named Giulio Tremonti economy minister hours after Domenico Siniscalco walked out complaining the prime minister had refused to back his efforts to oust Bank of Italy (BOI) chief Antonio Fazio over a bank takeover...


Word of the Day
conjunto
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin