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Italy’s bank funeral shows EU still using crisis playbook

Bloomberg A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on. Italy’s taxpayer-funded wind-down of Banca Popolare di Vicenza SpA and Veneto Banca SpA highlighted the patchwork of EU and national laws and guidelines that govern the funneling of public money to banks, despite ...

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EAG scoops four treasury accolades at London awards

Abu Dhabi / Emirates Business Etihad Aviation Group’s (EAG) treasury team has once again been acknowledged for airline treasury management excellence with four key accolades at the 2017 Adam Smith Awards presented by Treasury Today magazine. Following a string of successes in recent months with leading awards from various international organisations, the group took home further honours at the annual ...

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Saudi Arabia mulls sale of stake in Riyadh airport

Bloomberg Saudi Arabia is considering a plan to sell a stake in Riyadh airport, three people with knowledge of the matter said, as it embarks on a plan to raise billions of dollars through privatizations. Saudi Civil Aviation Holding Co. has asked local and international investment banks to pitch for the role of adviser on the sale of a significant ...

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