Italy's second-largest bank UniCredit on Thursday said it had received European Central Bank authorisation to issue new shares, subject to shareholder approval, to finance its takeover bid for smaller
Italy intends to use its right to intervene on UniCredit's bid for Banco BPM in a reasonable manner, Economy Minister Giancarlo Giorgetti said on Wednesday, appearing to rule out a hardline approach t
Italian lender UniCredit is set to raise its stake in insurer Generali close to 10% ahead of the bank's shareholders meeting, Italian daily Il Sole 24 ore reported on Wednesday citing unnamed sources.
Banco BPM shareholders on Friday backed the Italian bank's decision to pay more to buy fund manager Anima Holding , in a vote of confidence for CEO Giuseppe Castagna's strategy to confront an unsolici
The European Central Bank is poised to give Italy's UniCredit the green light to build up its stake in German rival Commerzbank , a person familiar with the matter told Reuters, a move that could pave
Germany's competition regulator says Italian lender UniCredit has reported its planned acquisition of a minority stake in Germany's Commerzbank for assessment.
UniCredit's Russian subsidiary last year sued the Italian bank's own German arm as part of a court case relating to guarantee payments in Russia which UniCredit could not honour because of sanctions,
UniCredit's Q4 2024 earnings exceeded expectations, with EUR 5.6 billion in revenues and EUR 1.6 billion in net profit. Despite a fading rates tailwind, underlying earnings strength remains robust, wi
UniCredit said on Thursday its board has moved up to March 27 a shareholder vote previously scheduled for April 10 to approve issuing new shares to finance a takeover bid for Banco BPM.
Banco BPM on Tuesday rebuffed concerns raised by suitor UniCredit about its capital reserves, and said it trusted it would be able to apply favourable capital rules to its proposed purchase of fund ma
UniCredit on Monday warned Banco BPM shareholders that if they decided to back a more costly bid for fund manager Anima Holding UniCredit could pull its own buyout offer for BPM.
Commerzbank CEO Bettina Orlopp discusses the bank's strategic plans.
Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the Germa
UniCredit's knack of delivering better-than-expected results continued last quarter, while the stock has also continued its run of outperformance. Earnings are proving much more stable than many would
Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told R
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