UniCredit Sells Remaining Stake in Turkey’s Yapi Kredi

UniCredit-Banca Monte Deal Falls Through

Italian banks UniCredit SpA and Banca Monte dei Paschi di Siena SpA announced via a joint statement on Sunday that they are no longer in discussion for the former to absorb the latter. As per people familiar with the matter, the Italian government and UniCredit could...
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...
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