Articles by Carolyn Cohn and Valentina Za

European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans

Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it will be a first-time experiment …

Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues

An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June …

Genoa Bridge Was Crumbling onto Homes Below for Many Years Before Disaster

People living under the Italian bridge that collapsed last week with the loss of 43 lives had known for years it was crumbling: pieces kept falling on their homes and cars. A month earlier, residents met officials in charge of …

Generali Pulls Out of RBS Insurance Deal as Deadline Nears

Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS, Britain’s second-largest bank, had been expected to …