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...judicial inquiries, longtime central banker Antonio Fazio finally stepped down last month. While several key private Italian bankers are being investigated in probes of two bank takeovers that Fazio green-lighted, Fazio denies any wrongdoing. (Last week, three more financial executives resigned, and the banker closest to Fazio, Gianpiero Fiorani, was interrogated in the Milan prison where he awaits trial on corruption charges. He has previously denied any wrongdoing.) Draghi, 58, who arrives at the Bank of Italy from Goldman Sachs' London office, will have to do more than just image polishing. Stefano Caselli, professor of banking and finance...

Author: /time Magazine | Title: Boosting The Bank's Credit | 12/31/2005 | See Source »

...call came just after midnight, and Gianpiero Fiorani knew immediately that the news was good. Antonio Fazio, Italy's central bank chief, was on the line to say he had just signed off on the bid by Banca Popolare Italiana (BPI) to take over another northern bank, Antonveneta. What neither man knew was that authorities probing BPI chief Fiorani's role in the attempted takeover were listening in. "Ah, Tonino, I'm moved," he said, addressing Fazio by an affectionate nickname, adding that he had "goose bumps...

Author: /time Magazine | Title: Can You Bank on Italy? | 10/9/2005 | See Source »

...Garreau is experiencing the new reality of the New Economy, and he is not alone. Across the Mediterranean Sea, brothers Antonello and Gianpiero Girardi would like $250,000 to expand their tiny website concern aimed at Sardinian tourists, but they have already been turned down by 10 venture capital funds. And in London, Niko Komninos and E. David Anstee, co-founders of ihavemoved.com, sit in their offices behind Westminster Abbey and mull over how to secure $9 million in expansion money for their site, which helps people who are changing residences notify utilities and other service providers electronically. Potential investors...

Author: /time Magazine | Title: Nothing Ventured | 3/19/2001 | See Source »

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