Italian bank UniCredit said on Thursday that it returned to the black in 2017 as an ambitious reorganisation it embarked upon 18 months ago starts to pay off.
Italian bank UniCredit, in the midst of a
massive overhaul, said on Thursday that its net profit rose modestly in the
second quarter, beating expectations.
UniCredit said on Wednesday that hackers obtained information on about 400,000 of its Italian customers, but not data that would give them access to bank accounts.
Italian bank UniCredit said on Thursday that its net profit more than doubled in the first quarter as the massive overhaul embarked upon by its new chief executive begins to pay off.
Italian banking giant UniCredit said on Thursday that investors had exercised rights to buy 99.8 percent of the new shares being sold as part of its 13 billion euro ($13.8 billion) capital increase.
Italian banking giant UniCredit said on Wednesday that it would launch a 13 billion euro ($14 billion) rights issue on February 6th, a major part of its efforts to shore up its capital base.
Italy's biggest bank UniCredit warned on Monday it expects to report a loss of 11.8 billion euros for 2016, as the troubled lender scrambles to launch a massive recapitalization effort.
Shareholders at Italian bank UniCredit, which is undergoing a major strategic review, on Thursday voted in favour of plans to raise billions of euros to strengthen the struggling lender's capital base.
New Italian Prime Minister Paolo Gentiloni confirmed Tuesday that his government was prepared to come to the aid of the country's third largest bank if private rescue efforts fail.
Italy's biggest bank, UniCredit, announced plans on Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as fears of a banking and political crisis grip the country.
Monte dei Paschi di Siena (BMPS), the oldest bank in the world, is at the heart of an Italian banking crisis which has cost it over 80 percent of its market capitalization in the past year.
UniCredit said Thursday it had raised over half a billion euros as part of its latest asset sale, part of Italy's largest bank's effort to boost its funds without raising capital from shareholders.
UniCredit, Italy's largest bank, said on Wednesday its net profit soared 75 percent to €916 million ($1.0 billion) on increased revenues and cost cutting measures.
Unicredit, Italy’s second largest lender by market value, will give €50,000 to the creator of the best mobile banking app as part of Appathon 2015, which takes place in November.
Italy's top bank UniCredit said on Wednesday it scored a 29.5 percent jump in second quarter net profits despite an unfavourable climate for lenders, but its earnings still trailed in the first half of 2015.
Ukrainian security agents on Monday seized documents at the Kiev headquarters of Italy's UniCredit bank as part of a probe aimed at cutting off the suspected illicit financing of pro-Russian rebels in the separatist east.
UniCredit returned to profit in 2014, netting €2.0 billion $2.26 billion, Italy's largest bank said on Wednesday, while touting it had stepped up lending to households and small businesses.
Italy's two biggest banks, Intesa Sanpaolo and UniCredit, have signed a deal with US private equity firm KKR and
restructuring adviser Alvarez & Marsal to create a vehicle for restructured loans, a statement said on Tuesday.
Italy's top bank, UniCredit, reported on Tuesday a net profit of €810 million in the first six months of 2013, down 25.2 percent from the outcome for the same period last year.
