In late January, after an intense phase of negotiations with the European Commission, Italy reached an agreement in order to create the Bad Bank. In compliance with the EU regulation against state aids, the Bad Bank scheme will not be a bailout. Technically, it will consist in offloading the Italian banks’ NPL portfolios by […]
This article aims to understand the forex market better. We are going to deepen our knowledge looking at two of the most important characteristics for a professional portfolio manager: volatility and correlation. Through this article, we aim to clarify which currency, if any, could be useful in order to increase the diversification of our portfolio. Understanding […]
Ilva, the third-largest steel producer in the EU, is a 100 year-old Italian industrial concern whose post-war history has been marked by cycles of expansions, near-bankruptcy, public ownership, privatisation and, recently, near-collapse. A year ago, the Italian government took the control of the Ilva plant in Taranto after a court sequestered sections of it […]
With the recent approval by the Competition and Markets Authority (CMA) of BT’s takeover of EE and the ongoing attempt by Three to takeover its competitor O2, the UK telecom landscape is about to change. Before getting into details, let’s take a step back and take a broader look at the global scenario. Mergers […]
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