Italian Banks face a new perspective: the Bad Bank model
Brexit: to be or not to be together?
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 […]
Understanding the Forex Market
Few weeks ago, after a protracted period of renegotiation of UK’ s status as European member, the Prime Minister David Cameron has announced that the country is set to have a referendum on June 23rd. He said “We are approaching one of the biggest decisions this country will face in our lifetimes: whether to remain […]
What future for ILVA?
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 […]