UniCredit CEO says no big impact from bank tax, but uncertainty harmful
MILAN (Reuters) – The surprise bank tax Italy’s government introduced in August has no major impact on UniCredit’s earnings, but the uncertainty it stoked is damaging, Chief Executive Andrea Orcel said on…
UniCredit completes sale of Turkey’s Yapi Kredi
MILAN – UniCredit has finalised the sale of its remaining 18% stake in Turkey’s Yapi Kredi Bank to Istanbul-listed Koc Holding, Italy’s second-biggest lender said on Friday. The transaction, which was announced…
UniCredit shares open down 8% on Ukraine crisis
MILAN – Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on Thursday, before triggering an automatic trading suspension, hit by…
SoftBank-backed doValue in talks with UniCredit over contract
MILAN – Italy’s biggest bad loan firm doValue is discussing a possible extension of its contract with UniCredit but in the meantime has made prudent estimates on future problem debts the Italian…
Italy’s Banco BPM has no information about potential UniCredit bid – source
MILAN – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday. Shares in Banco BPM climbed…
UniCredit says only 1 billion euros of loans still under moratorium
MILAN – UniCredit has only 1 billion euros ($1.1 billion) in loans under moratorium, all of which in Italy, and default rates on debt where payments were frozen due to COVID-19 so…
UniCredit reaches deal with unions on job cuts in Italy
By Valentina Za MILAN -Italian lender UniCredit has signed an agreement with unions for 1,200 voluntary job cuts to be partly offset by 725 new hires, the country’s biggest banking union said…
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