UniCredit May Take Banca Monte’s Junior Debt

UniCredit May Take Banca Monte’s Junior Debt

UniCredit is expected to assume Banca Monte dei Paschi’s junior debt liabilities as part of the deal to takeover the bank from the Italian government. The news comes as UniCredit and the Italian government are negotiating a deal to sell the government’s...
BNP, BBVA, UniCredit Report Strong Profits

BNP, BBVA, UniCredit Report Strong Profits

European banks BNP Paribas, BBVA and UniCredit Reported upbeat earnings results: French banking major BNP Paribas reported net income of €2.9bn ($3.4bn) in Q2, a 27% YoY jump. Its domestic markets division saw revenues rise ~10% while investment banking (IB) reported...
UniCredit To Skip Coupon on CASHES Bond

UniCredit To Skip Coupon on CASHES Bond

A spokesman of UniCredit said on Friday that the bank would not be paying coupons on their euro-denominated convertible and subordinated hybrid equity-linked note known as CASHES (ISIN: XS0413650218) after the Italian lender posted a €2.79bn ($3.4bn) loss in 2020....
BNP, BBVA, UniCredit Report Strong Profits

SocGen, ING and UniCredit Report Strong Q1 Results

SocGen reported group net profits of €814mn, a sharp increase over 1Q2020 losses of €326mn. The bank’s equities business had its best quarter since 2015, with revenues rebounding 44% QoQ and Fixed Income & Currency saw revenues jump 51% QoQ.  Cost of risk stood at...
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