UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says MILAN: Italy’s UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added... Published 27 May, 2025 04:37pm
Business & Finance UniCredit has appealed to court against Italy govt’s terms on its Banco BPM bid, Repubblica says ROME: Italian bank UniCredit has appealed to an administrative court against the “golden power” terms the Italian... Published 23 May, 2025 11:00am
Business & Finance Italy’s UniCredit raises profit outlook, says to be selective on deals MILAN: Italy’s second-biggest bank UniCredit strengthened its 2025 outlook on Monday after posting a surprise... Published 12 May, 2025 10:53am
Business & Finance UniCredit gets German cartel office nod on big Commerzbank stake DUESSELDORF/FRANKFURT: Germany’s antitrust authorities on Monday approved UniCredit’s plans to own just under 30% of... Published 14 Apr, 2025 05:14pm
Business & Finance UniCredit’s takeover target Banco BPM secures investor backing to sweeten Anima bid MILAN: Banco BPM shareholders on Friday backed the Italian bank’s decision to pay more to buy fund manager Anima... Published 28 Feb, 2025 05:48pm
Business & Finance UniCredit warns it could drop Banco BPM offer if Anima bid cost rises MILAN: UniCredit on Monday reminded Banco BPM shareholders it could withdraw its buyout offer for their bank if BPM... Published 17 Feb, 2025 04:31pm
Business & Finance UniCredit says it is complying with ECB order after Russian revenue rise LONDON: Italy’s UniCredit on Tuesday reported a rise in revenues last year from its Russia business but said it had... Published 11 Feb, 2025 05:26pm
Business & Finance Commerzbank chairman sees little chance of amicable UniCredit merger, report says BERLIN: Commerzbank’s, supervisory board chairman Jens Weidmann said there is little chance for an amicable merger... Published 13 Jan, 2025 01:21pm
Business & Finance UniCredit brings security custody services in-house, with focus on Germany MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany,... Published 10 Jan, 2025 03:14pm
Business & Finance Italy’s UniCredit launches surprise $11 bln all-share bid for Banco BPM MILAN: Italy’s UniCredit on Monday launched a surprise 10 billion euro ($11 billion) all-share offer for smaller... Published 25 Nov, 2024 01:32pm
Markets European stocks sink FRANKFURT: Europe’s main stock index touched its lowest level in three months on Tuesday, as escalating... Published 20 Nov, 2024 06:45am
Business & Finance Commerzbank CEO focused on standalone strategy amid UniCredit interest WASHINGTON: Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy,... Published 25 Oct, 2024 08:48pm
Business & Finance UniCredit signs agreement for 500 new jobs, 1,000 voluntary exits MILAN: UniCredit has signed an agreement with labour unions for the employment of 500 people and 1,000 voluntary... Published 17 Oct, 2024 11:59am
Business & Finance Commerzbank would lose clients in UniCredit merger, German lender’s CEO says FRANKFURT: Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina... Published 07 Oct, 2024 11:51am
Business & Finance Europe needs bigger banks to compete with US, Chinese rivals: Lagarde FRANKFURT: Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European ... Updated 07 Oct, 2024 08:05am
Business & Finance UniCredit’s rating might top Italy’s if it buys Commerzbank, Moody’s says MILAN: Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought... Published 02 Oct, 2024 01:25pm
Business & Finance Commerzbank, UniCredit to meet Friday morning, source says FRANKFURT: A meeting between bankers from Commerzbank and UniCredit will be held virtually on Friday morning, a... Published 27 Sep, 2024 01:45pm
Business & Finance Commerzbank boards confirm independent strategy as UniCredit seeks possible tie-up FRANKFURT: Commerzbank’s supervisory and management boards have unanimously confirmed the bank’s current strategy of... Published 26 Sep, 2024 01:54pm
Markets European shares end higher, Commerzbank dips PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more... Published 24 Sep, 2024 03:28am
Business & Finance Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt BERLIN: A merger of Italy’s Unicredit and Germany’s Commerzbank would add value for all stakeholders and create a... Published 16 Sep, 2024 10:59am
Print Russia seizes Deutsche Bank, UniCredit assets MOSCOW: A Russian court has ruled that Deutsche Bank and UniCredit’s assets in Russia are to be seized, documents... Updated 19 May, 2024 09:29am
Business & Finance UniCredit vows to match 2023 income after beating forecast MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out... Published 05 Feb, 2024 01:37pm
Business & Finance UniCredit CEO denies buying shares in Pop Sondrio MILAN: UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di... Published 18 Jan, 2024 02:35pm
Markets UniCredit kicks off new 2.5bn euro share buyback MILAN: UniCredit on Monday kicked off a new share buyback for up to 2.5 billion euros ($2.6 billion) and said it had... Published 30 Oct, 2023 01:48pm
Markets UniCredit to have more than 10bn euros in excess capital by end-2023 ROME: UniCredit will have more than 10 billion euros ($10.60 billion) in excess capital by end-2023 and will... Published 25 Oct, 2023 11:20am
Markets Italy’s UniCredit, Greece’s Alpha Bank to merge Romanian units MILAN: Italian bank UniCredit on Monday said it was strengthening its presence in Romania by merging its local... Published 23 Oct, 2023 12:21pm
Markets UniCredit picks headhunters to advise board on own slate of nominees MILANO: UniCredit said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the... Published 26 Sep, 2023 04:44pm
Markets UniCredit raises 2023 guidance after strong quarter MILAN: UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected... Published 03 May, 2023 10:53am
Markets UniCredit to repay AT1 bond, says no need to issue more near term MILAN: UniCredit said on Thursday it would redeem in June a 1.25 billion euro ($1.38 billion) ‘Additional Tier 1’... Published 27 Apr, 2023 12:44pm
Markets UniCredit fails to win support for pay policy from major shareholder Allianz MILAN: Funds managed by German insurer Allianz, the second-biggest shareholder in UniCredit, failed to back the... Published 25 Apr, 2023 12:20pm