The top banks in Italy based on assets in 2021 are shown in the chart below. Intesa(ISNPY) is the Italian largest bank followed by UniCredit(UNCRY). Compared to these banks, the rest of the major banks have assets of under 200 billion Euros. Click to enlarge Data Source: FactSet Source: Italy Seeks to Ease …
Italy used to be called “The Sick Man of Europe”. More recently a few years ago during the European Sovereign Debt Crisis Italy was part of the PIIGS countries which represented Portugal, Ireland, Italy , Greece and Spain. Over the long term also, Real Italian GDP Growth has been the slowest among the developed world …
Italy is one of the few countries that imposes a transaction tax for all financial transactions (FTT). This includes Italian ADRs trading on the US markets. The current FTT rate is 0.20% with a lower rate for certain transactions. This 20% rate will impact the overall return an investor earns on Italian ADRs. This tax is …
Continue reading ‘The Complete List of Italian ADRs Subject to Financial Transactional Tax’ »
Many of the large-cap Italian firms in some sectors generate a large portion of their revenues from markets abroad. This is similar to the UK market where the FTSE 100 firms are dependent on foreign countries than the local market. So Italian multi-nationals may offer opportunities for investors when politics and other issues lead to …
Continue reading ‘FTSE Italy Index – Revenue by Geographic Region’ »
The European Union may be plunged into crisis again with today’s developments in Italy. Following Brexit and the election of Trump in the US, the revolt against the establishment continues with Italians voting “no” in the referendum. The Italian Prime Minister Matteo Renzi has resigned following the heavy defeat in the referendum. From a BBC article: Sleepless …
Continue reading ‘The Top 10 Italian Companies By Market Cap 2016’ »