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