Edition:
United Kingdom

Gianluca Semeraro

New investor Del Vecchio challenges Mediobanca's strategy

09 Oct 2019

MILAN Eyewear tycoon Leonardo Del Vecchio on Wednesday urged Mediobanca to build up its investment banking business in a challenge to venerable merchant bank's strategy, nearly a month after he snapped up a 7% stake that stunned corporate Italy.

UniCredit lowers 2019 revenue forecast, sticks to profit goal

07 Aug 2019

MILAN Italy's biggest bank by assets UniCredit on Wednesday cut its revenue target for 2019, citing expectations that interest rates will remain low for some time due to an economic slowdown in Europe.

Italy's Fineco sees no M&A deal on the horizon after UniCredit sale

05 Aug 2019

MILAN Italian online broker FinecoBank will not be part of an expected wave of mergers in the asset management industry, either as predator or prey, its chief executive said on Monday.

Salini secures backing to create Italian construction champion

02 Aug 2019

MILAN Italy's largest builder, Salini Impregilo , has secured financial backing to create a national construction champion, a plan backed by the government and which would include the group's proposed takeover of troubled rival Astaldi .

Italy's Generali beats first-half expectations, confirms targets

01 Aug 2019

MILAN Italy's top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business segments, and confirmed all of its three-year targets announced in November.

Italy's UniCredit looks to ring-fence foreign assets - sources

09 Jul 2019

ROME Italy's biggest bank by assets, UniCredit , plans to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market, two sources said on Tuesday.

Exclusive: Italy's UniCredit puts possible Commerzbank bid on ice for now - sources

24 Jun 2019

LONDON/MILAN Italy's UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said.

Intesa to sell up to 5 billion euros in UTP loans to Prelios: sources

22 May 2019

MILAN Intesa Sanpaolo will offload only up to 50 percent of a 10 billion euro ($11 billion) portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale it is negotiating with Prelios, three sources familiar with the matter said.

Intesa to sell up to 5 bln euros in UTP loans to Prelios-sources

22 May 2019

MILAN, May 22 Intesa Sanpaolo will offload only up to 50 percent of a 10 billion euro ($11 billion) portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale it is negotiating with Prelios, three sources familiar with the matter said.

UPDATE 1-Mediobanca eyes Julius Baer's Kairos in asset management drive

09 May 2019

MILAN, May 9 Mediobanca is looking at Julius Baer's Italian asset manager Kairos as part of plans to expand its wealth management business, the bank's CEO said on Thursday.

World News