The cost of residential real estate in Austria has risen dramatically in recent years, significantly affecting affordability for many households. According…
Italian banks such as Intesa Sanpaolo and UniCredit fell more than 5% after Deputy Prime Minister Matteo Salvini said the 40% levy on banks extra profits will feed items such as a reduction of the tax wedge, tax cuts and financial support to holders of mortgages on first homes.
(Bloomberg) Italy’s right-wing government shocked markets with an unexpected tax on banks’ windfall profits, wiping out around $10 billion from the market value of the country’s lenders.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaTexas Power Prices to Surge 800% on Sunday Amid
Sharply higher official interest rates have yielded record profits for banks, as the cost of loans soared while lenders held off paying more on deposits