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UNICREDIT ASSETS
Ray-Ban heir escalates fight for family fortune controlHeir Leonardo Maria Del Vecchio is publicly challenging his family's holding company, Delfin, over a proposed 10 billion euro buyout of two...
Europe is finally, slowly getting its act togetherEurope stands on the brink of a pivotal transformation, launching a set of ambitious reforms aimed at revitalizing its economy and global f...
Europe’s banks embrace AI — and confront the price of dependence on US techThe finance industry is rapidly adopting AI, but soaring costs for computing power and AI assistants like Claude are creating financial str...
Uber said to study full takeover of European rival Delivery HeroThe ride-hailing giant this week disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. It’s working with advisers to study ...
European shares rise as tech jitters ease; earnings, deals in focusEuropean shares edged higher on Monday, tracking a rebound in global equities following a selloff last week, as investors also assessed ear...
European banks form company to launch euro stablecoinA group of nine European banks, including ING and UniCredit, is creating a new company to launch a euro-backed stablecoin, highlighting tra...
Russia seizes Deutsche Bank, UniCredit assetsA Russian court in Saint Petersburg rules to seize 239 million euros from Deutsche Bank and 463 million euros from UniCredit in Russia. Eur...
UniCredit, Citi consider swapping assets with Russian institutions - FTUniCredit has received several offers from Russian financial institutions to buy its local subsidiary since its chief executive, Andrea Orc...
UniCredit considers quitting Russia, Credit Suisse outlines Russian wealth clientsA growing list of financial firms are looking to exit Russia, with Deutsche Bank, Goldman Sachs and JPMorgan Chase winding down business th...
The extent of global banks' Russian exposureInvestors worry banks will again need to hike loan loss provisions, which had been declining after the pandemic-driven spike in 2020. The c...
Banks and autos drive European shares higher as UniCredit shinesThe Italian index rose 0.6 per cent, out-doing the pan-European STOXX 600 which gained 0.3 per cent.
Bank of Baroda to buy out JV partner's entire stake in mutual fund businessState-owned Bank of Baroda will fully acquire its mutual fund and trustee business and buy the entire 51 per cent stake held by the joint-v...
Shareholders approve Italian bank UBI's conversion into joint-stock companyShareholders in Italian cooperative bank UBI approved on Saturday its conversion into a joint-stock company as requested by a government re...
- $55 bn bid for Colgate: Should Unilever buy?
Unilever, the world's second-largest consumer-goods company, should seek to acquire Colgate-Palmolive Co...
- Goldman bullish on banks, bond buyers sceptical
Analysts say investors risk ignoring a jump in funding costs that will erode profit.
- Pramerica gets SEBI nod for MF biz; to launch products in June
Pramerica Asset Managers today said it has received market regulator SEBI's approval for starting mutual fund operations in the domestic ma...
- Rome to inject euros 10-15 bn into banks: Report
The Italian government plans to spend between 10 billion and 15 billion euros (12.8 to 19.2 billion dollars) to shore up the liquidity of t...
- World's super-rich focus on safe investments
The credit crunch has scared even the world's richest people into sticking their assets in safe havens.
- Banks may face additional writedowns of over $200 bn
The world’s banks ‘remain at risk’ of up to $203 billion in additional writedowns, largely because the bond insurance crisis could worsen, ...
- UniCredit to buy Capitalia for $30 bn
UniCredit agreed to buy Capitalia in a e21.8 billion ($29.5 bn) purchase to cement the position of Italy’s biggest bank in Europe’s most pr...