UniCredit beats 2021 guidance despite Q4 loss

01:39am, Friday, 28'th Jan 2022
Italy's UniCredit on Friday reported better-than-expected full-year revenues and underlying profit, despite one-off hits under a new strategy by CEO Andrea Orcel driving a fourth-quarter loss.
Italian bank UniCredit has signed an agreement with unions for 1,200 voluntary staff exits to be partly offset by 725 new hires, the country's main banking union FABI said on Thursday.
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UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no interest in the country's biggest insurer Generali and its top shareholder Mediobanca, CEO And
Johann Scholtz, equity research analyst at Morningstar, gives an overview of Unicredit's prospects on the sidelines of the Italian bank's investor day.
UniCredit said it would grow its net profit by 10% a year through 2024 to above 4.5 billion euros ($5 billion) by betting on fee income to drive revenues.
UniCredit's German arm is set to take a significant portion of the around 3,000 voluntary redundancies expected under the Italian bank's new business plan, a person close to the matter said.
UniCredit is considering cutting 3,000 jobs through voluntary exits under a new strategic plan the Italian lender is due to present on Dec. 9, two sources familiar with the matter said on Wednesday.
UniCredit said on Monday it would sell its remaining 20% stake in Yapi Kredi Bank by March 2022, as the Italian bank reduces its exposure in Turkey's third biggest lender in a strategic move to optimi
A window of opportunity for UniCredit to quickly clinch a deal for state-owned Monte dei Paschi (MPS) and implement on a bigger scale measures it is studying for its own branch network has closed for

UniCredit ups 2021 guidance after strong quarter

01:34am, Thursday, 28'th Oct 2021
Italy's second-biggest bank UniCredit raised its 2021 profit and revenue guidance on Thursday after reporting stronger than expected quarterly results thanks to falling loan losses and higher revenues
Italy's government and UniCredit have called off negotiations over the sale of ailing Banca Monte dei Paschi(MPS), the Italian lender and Italy's Ministry of Economy and Finance said in a joint statem
Italy's government and UniCredit are preparing to call off negotiations over ailing bank Monte dei Paschi (MPS) after efforts to reach an agreement over a costly recapitalization plan fell through, tw
UniCredit boss Andrea Orcel and Italy's government are poles apart over the terms of a deal to buy ailing bank Monte dei Paschi (MPS), people involved in the talks say, with the state balking at capit
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