UniCredit

UniCredit appoints Zadrazil as new head of Bank Austria to oversee restructuring after suffering losses

Italian bank UniCredit to replace Bank Austria CEO Willibald Cernko with head of private banking Robert Zadrazil on March 1 to oversee restructuring after suffering losses.

Read Full Article

UniCredit to slash 7% workforce in cost-cutting drive

UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.

Read Full Article

Euro zone economy picks up pace but Germany lags

A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in.

Read Full Article

Greece, confident as EU meeting looms, sticks to no-austerity pledge

Greece said on Sunday it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact.

Read Full Article

Monte Paschi approves capital increase for up to 2.5 billion euros

Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said would prepare the Italian lender for a likely takeover.

Read Full Article

U.S. consumer spending falters; wage gains highest since 2008

U.S. consumer spending fell for the first time in eight months in September, suggesting the economy lost some momentum heading into the fourth quarter.

Read Full Article

Alitalia seeks €50M additional loan from Italian lenders UniCredit, Intesa Sanpaolo

Alitala, Italy's flag carrier, has written to Italian banks UniCredit and Intesa Sanpaolo asking to extend an existing loan agreement by €50 million. This comes on top of the €200 million in bank loans agreed on in October.

Read Full Article

Italian banks exit 59.3% stake in SIA

Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.

Read Full Article

Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others

Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.

Read Full Article

UniCredit may sell indirect stake in AS Roma

Italian bank UniCredit said on Thursday that it may consider selling its indirect stake in professional football team Associazione Sportiva (AS) Roma, although no decision had yet been made.

Read Full Article

Unicredit to re-list HVB shares in the bourse

After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders.

Read Full Article

UniCredit to acquire Poland's BGZ

UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report.

Read Full Article

Pamplona Capital Management assures financing pledge with Deutsche Bank is in order

A statement by Pamplona Capital said that Deutsche Bank was fully committed to returning the pledged shares upon request.

Read Full Article

AlpInvest Partners buys EUR800 million worth of HypoVereinsbank assets

AlpInvest won its bid to purchase EUR800 million in private equity assets from HypoVereinsbank.

Read Full Article

Pamplona Capital buys 5 pct of Italy's UniCredit

A fund backed by Russian billionaire Mikhail Fridman's Alfa Group has bought 5 percent in UniCredit.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics