GLOBAL MARKETS-ECB corporate bond buying plans lift stocks, hurt euro21 Oct 2014, 6:09 am* European shares surge on report ECB to buy corporate bonds * Wall Street to start up, earnings from Coca Cola (NYSE: KO - news) ,
European Banks See ECB Exams as Step to Unlocking Lending20 Oct 2014, 5:19 amThe European Central Bank's unprecedented inspection of lenders' books will help end a slump in lending that's dogged southern Europe for years, said executives at some of the region's largest banks. "After the comprehensive assessment, when worries about capital levels are clarified, banks will be more open with credit," said Giuseppe Castagna, 55, chief executive officer of Italy's Banca ...
Monte dei Paschi leads euro bank shares lower as stress tests loom16 Oct 2014, 11:16 am* Shares (Berlin: DI6.BE - news) in Monte dei Paschi (Milan: BMPS.MI - news) hit all-time low * Banks that fail ECB tests may struggle to raise equity * IMF official calls on Europe to shut weak banks (Adds UniCredit CEO comment in par 13-14) MILAN/LONDON, Oct 16 (Reuters) - Shares in Italy's third-biggest bank Monte dei Paschi di Siena slumped to an all-time low on Thursday, as fears it could ...
Cooling German growth sends shivers through stock markets7 Oct 2014, 4:40 amAn employee of German car producer Porsche works on the engine of a Porsche 918 Spyder in the Porsche factory in Stuttgart, southwestern Germany, on March 11, 2014
GLOBAL MARKETS-Stocks slump as ECB disappoints, U.S. rate debate rages2 Oct 2014, 8:43 am* Europe stocks slump after ECB disappoints Thursday as signs of a strengthening U.S. Wall Street opened slightly lower after a sharp The bank's President Mario Draghi stressed again that it
S Immo Bids for Unicredit’s 16% Stake in CA Immobilien30 Sep 2014, 12:51 pmS Immo announced the bid for the 16 percent stake in a statement today. At least two other companies plan to make offers for the shareholding, including Austrian competitor Immofinanz AG (IIA) and at least one private-equity firm, according to two people with knowledge of the matter.
Santander confirms studying asset management merger with Unicredit24 Sep 2014, 1:15 amSpain's largest bank Santander confirmed on Wednesday it was studying a potential merger of its fund management business with that of Italy's Unicredit SpA , though gave no further details on the deal. UniCredit CEO Federico Ghizzoni told reporters on Tuesday that the proposal was to combine Santander Asset Management with UniCredit (Milan: UCG.MI - news) 's Pioneer unit, with each bank owning ...
UniCredit, Santander in talks to merge asset management units23 Sep 2014, 11:47 am* Deal envisages combining Pioneer with Santander Asset Management * UniCredit (Milan: UCG.MI - news) , Santander to hold around one third each of new entity * Deal to add 20-25 bps to UniCredit core capital ratio * Signing seen in November, UniCredit CEO says (Adds details)
UniCredit Said to Weigh Pioneer Sale to Santander-Led Group22 Sep 2014, 6:50 pmUniCredit SpA (UCG) is considering selling a stake in Pioneer Global Asset Management SpA to Banco Santander SA (SAN) and two U.S. buyout firms in a transaction that would combine the asset-management unit with the Spanish bank’s fund business, according to people familiar with the plan.
Raiffeisen Sinks as Ukraine War Sparks First Loss22 Sep 2014, 6:49 pmRaiffeisen Bank International AG (RBI) fell to levels last seen in 2011 after warning shareholders that the conflict in Ukraine will cause its first full-year loss and cloud the outlook for years to come.