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Valentina Za

Elk in tow, UniCredit's Mustier faces biggest battle yet

03 Dec 2019

MILAN, Dec 3 Jean Pierre Mustier has shed bad loans, raised billions in capital and crafted a quirky new image for UniCredit with the help of Elkette, a soft-toy he brings out for selfies with fellow bankers ranging from Jamie Dimon to Lloyd Blankfein.

UniCredit offers investors $2.2 billion buyback as staff face further cuts

03 Dec 2019

MILAN/LONDON UniCredit promised 8 billion euros (£6.87 billion) in dividends and share buybacks on Tuesday in a bid to revive its sickly share price, although profit at Italy's top bank will barely grow despite plans to shed 9% of its staff.

UPDATE 1-Italy prepares to inject 1 bln euros in bad loan manager AMCO

29 Nov 2019

MILAN, Nov 29 Italian state-owned bad loan manager AMCO said on Friday it would raise 1 billion euros ($1.1 billion) in fresh capital by the end of the year as it prepared to take on more soured bank loans.

Italy's UniCredit to exit thermal coal financing by 2023

26 Nov 2019

MILAN Italian bank UniCredit has pledged to halt all lending for thermal coal projects by 2023, joining a growing band of financial companies striving to improve their green credentials.

Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

23 Nov 2019

ISTANBUL/LONDON/MILAN UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.

RPT-EXCLUSIVE-UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

23 Nov 2019

ISTANBUL/LONDON/MILAN, Nov 22 UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi, three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.

Bank of Italy seeking data on performance of bad loan deals -sources

15 Nov 2019

MILAN, Nov 15 The Bank of Italy has been collecting data on how efficiently the unpaid loans sold off by banks are being recouped, reflecting concerns about slow progress and the potential fallout for taxpayers, two sources familiar with the matter said.

UniCredit opens door to share buyback after solid earnings

07 Nov 2019

MILAN UniCredit on Thursday opened the door to its first share buyback in more than a decade after solid third-quarter earnings and a boost to the bank's capital.

Monte dei Paschi expects answer on bad loan plan within weeks - CEO

06 Nov 2019

MILAN Monte dei Paschi expects more clarity in a few weeks on negotiations between Italy and European competition authorities on a proposed "massive" problem loan clean-up at the state-owned bank, its chief executive said.

Fiat Chrysler und PSA wollen zum Auto-Champion werden

31 Oct 2019

Mailand In der kriselnden Autobranche soll ein neuer Champion entstehen: Fiat Chrysler und die Opel-Mutter PSA wollen zum viertgrößten Autokonzern der Welt verschmelzen.

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