UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers hangs in balance. Both banks raised their outlooks guidance on Wednesday, as they rep
The European Central Bank is pushing Raiffeisen and UniCredit to hold some capital as a buffer against potential risks stemming from their Russia businesses, two sources with knowledge of the matter s
UniCredit is selling a significant risk transfer (SRT) linked to a 1.5 billion euro ($1.62 billion) credit portfolio to free up capital, Bloomberg News reported on Friday.
UniCredit CEO Andrea Orcel discusses the Italian bank's third-quarter earnings and its bid for Commerzbank.
Italian bank UniCredit S.p.A. has continued its fine run, with the stock up nicely since previous coverage. Recent earnings once again beat consensus. The bank's return on tangible equity remains near
UniCredit and Commerzbank flaunted their financial strength as the fate of one of Europe's largest banking mergers still hangs in balance. Both banks raised their outlooks guidance on Wednesday, as th
UniCredit CEO Andrea Orcel said on Wednesday banks need to be more efficient and profitable and expressed confidence that "people will look at the facts" when weighing up a potential deal with Commerz

UniCredit Raises 2024 Outlook After Earnings Rise

01:43am, Wednesday, 06'th Nov 2024
UniCredit lifted its earnings guidance for the year after reporting a net profit increase that exceeded expectations.
UniCredit on Wednesday raised its guidance for next year and said it would pay out half of its profit in cash to shareholders, after posting a higher than forecast net profit for the third quarter.
Italian bank UniCredit said it expected to be able to merge the Romanian business of Greece's Alpha Bank into its own local subsidiary in the second half of next year, after closing the acquisition on
Fitch Ratings on Thursday increased its long-term rating on UniCredit's debt to BBB-plus, one notch above Italy's sovereign level, in a move that reflects the bank's restructuring progress and geograp
Fondazione Cariverona, a major Italian shareholder in UniCredit , confirmed its support for the bank's management in regards to Commerzbank , its chairman said on Monday.
Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy, reiterating her stance as Italy's UniCredit expresses interest in a possible tie-up.
UniCredit has further hedged potential downside risks on its stake in rival Commerzbank by signing financial derivative contracts with Jefferies to keep its options open, a person close to the matter
The German government is not planning any talks with the management of Italy's UniCredit on the potential takeover of Commerzbank , the Handelsblatt newspaper reported on Tuesday, citing a parliamenta
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