UniCredit remains unfazed by Crédit Agricole’s recent increase in its stake in Banca popolare di Milano (BPM), asserting that the move doesn’t alter their position. In a statement posted on LinkedIn, a UniCredit spokesperson emphasized the strategic advantage of their early actions. “Yesterday’s news on the increase in Crédit Agricole’s stake in Bpm changes nothing … Read more
Golden age A coin has two sides. And so the outcome of the US electionwhich indicated a period of legislative omnipotence is now coming for the next president, Donald Trump, and the Republicans. For many, a “golden age” is coming, as Trump himself said. Not for everyone though… Beyond the American dream… All this climate … Read more
Commerzbank boss Bettina Orlopp sees major risks in a takeover by the major Italian bank Unicredit. The integration of two large banks is extremely difficult, Orlopp told the Handelsblatt. After taking over Dresdner Bank in 2008, Commerzbank spent several years merging the systems of both banks. “We cannot afford such a standstill in today’s world, … Read more
Page 1 of 2 It’s not just for bondholders that it’s worth taking a look behind the facade of the brilliant financial statements and key figures of European banks. Many are still not profitable enough. The shadow banking sector and especially private debt also pose risks. The liquidity of internationally active banking groups is often … Read more
Milan., The head of the Italian bank UniCredit, Andrea Orcel, participated on Friday in a virtual meeting with representatives of the German Commerzbank, after becoming the largest private investor in the German lender, a source familiar with the matter told Reuters. UniCredit revealed earlier this month that it bought a 9 percent stake in Commerzbank, … Read more
Finance by Stefania Blasioli and Paolo Paronetto Tokyo closes negative. China’s central bank cut the 5-year prime lending rate (LPR) by 25 basis points 3′ reading (Il Sole 24 Ore Radiocor) – The handbrake is on European stock exchanges at the start, the day after a session already characterized by caution which saw the absence … Read more
Spotlight on main Italian banking stocks at FTSEMib. At 4.50 pm Monte dei Paschi di Siena it gained 5.98% to 3.228 euros, BPER Bank 3.3% to 3.126 euros e UniCredit 2.1% to 25.08 euros. Niall Gallagher – Investment Director of GAM – believes that, looking forward to 2024, the prospects remain positive for the sector … Read more
4′ reading (Il Sole 24 Ore Radiocor) – While waiting for the Christmas break and the data on American inflation, the European stock exchanges they are traveling weakly, despite the optimism of Wall Street, which rebounded the day before. So they oscillate around parity the FTSE MIB of Milan, the CAC 40 of Paris, the … Read more
1′ reading The tender for the redevelopment of the former Scalo Farini in Milan has a winner. The winner of the area put on the market by Fs Sistemi Urbani was the consortium formed by the Americans from Hines together with Unicredit which defeated with its offer the competing consortium originally formed by Coima and … Read more
The use of cash is certainly not experiencing a massive comeback, but it turns out that the fees for terminals and card transactions are so high that companies do not want to “subsidize” banks or payment card issuers. At the same time, the effort to create alternative ways for mobile payment is also growing. When … Read more