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.
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.
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.
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 .
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.
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.
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.
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.
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
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.