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
Business & Finance BoE’s governor says rate-setters can put inflation before bank worries LONDON: Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on ... Published 29 Mar, 2023 06:27am
Business & Finance UniCredit gets ECB approval for 3.34bn euro share buyback MILAN: UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34... Published 28 Mar, 2023 08:38pm
Business & Finance UniCredit hikes payout goal by 40pc after record profit MILAN: UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022... Published 06 Feb, 2023 07:34am
Markets UniCredit hikes payout goal by 40% after record profit MILAN: UniCredit pledged to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results,... Published 31 Jan, 2023 12:07pm
Business & Finance UniCredit signs asset management accord with Azimut MILAN: UniCredit has struck a deal with asset manager Azimut Holding in a move that paves the way for the Italian... Published 19 Dec, 2022 06:00am
Business & Finance Sterling set for third straight weekly gain, but vulnerable LONDON: Sterling was slightly lower on Friday but still set for its third consecutive weekly gain against a ... Published 28 Nov, 2022 05:48am
Markets UniCredit ups 2022 profit goal after Q3 earnings beat forecasts MILAN: Italy’s No.2 bank UniCredit on Wednesday raised its 2022 profit goal above 4.8 billion euros ($4.8 billion),... Published 26 Oct, 2022 11:24am
World EU Commission agrees to extend sale deadline for Monte dei Paschi MILAN: The European Commission on Tuesday approved revised restructuring targets for Italian bank Monte dei Paschi ... Published 03 Aug, 2022 04:55am
Markets Strong results lift Europe’s STOXX 600 to near seven-week highs PARIS: European shares scaled near seven-week highs on Wednesday as a string of strong results from companies... Published 28 Jul, 2022 04:41am
Markets UniCredit plans new buyback, boosts outlook after surprise profit rise MILAN: UniCredit on Wednesday said it would complete a proposed share buyback it had put on hold pending more... Published 27 Jul, 2022 11:25am
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Markets UniCredit CEO says ‘progressive disengagement’ from Russia needed MILAN: UniCredit is working on a “progressive disengagement” from Russia, which is performing well from a financial... Published 07 Jul, 2022 10:47am
Business & Finance Euro zone bond yields plunge, spreads tighten amid recession fears LONDON: Euro zone bond yields tumbled on Friday as traders shrugged off a record inflation reading and instead... Published 04 Jul, 2022 06:17am
Markets UniCredit executive says chances to cut Russia exposure ‘limited’ MILAN: UniCredit has “limited” opportunities to reduce its exposure to Russia, the Italian bank’s finance chief said... Published 08 Jun, 2022 07:09pm
Business & Finance UniCredit widens search for buyers to sell out of Russia MILAN: Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as... Published 07 Jun, 2022 07:34am
Markets UniCredit widens search for buyers to sell out of Russia MILAN: Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as... Published 06 Jun, 2022 01:01pm
Opinion Russia prepares to seize western firms looking to leave Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide ... Published 27 May, 2022 05:50am
Opinion Banks face reversal of fortune from war and runaway inflation Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank... Published 07 May, 2022 05:46am
Business & Finance UniCredit surprises with buyback as it tackles Russia exit MILAN: UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put... Published 06 May, 2022 05:03am
Business & Finance Sterling drops back towards 21-month lows before BoE decision LONDON: Britain’s pound weakened against a rebounding dollar despite expectations that the Bank of England will... Published 06 May, 2022 05:03am
Business & Finance Sterling falls to 21-month low vs dollar LONDON: Sterling fell to a fresh 21-month low versus the dollar on Wednesday as Britain’s weak economic outlook ... Published 28 Apr, 2022 05:37am