Edition:
United States

Andrea Mandala

UBI spurns Intesa's offer and pledges to boost dividends

Jul 03 2020

MILAN UBI Banca on Friday rejected a takeover bid by rival Intesa Sanpaolo as inadequate and risky for its shareholders, while pledging to boost dividends despite cutting profit forecasts.

Italy bank showdown looms in test for European consolidation

Jun 30 2020

MILAN/LONDON As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

Italy bank showdown looms in test for European consolidation

Jun 30 2020

MILAN/LONDON As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

FOCUS-Italy bank showdown looms in test for European consolidation

Jun 30 2020

MILAN/LONDON, June 30 As many bankers fled Italy's financial capital for second homes in the mountains or lakes at the start of a coronavirus lockdown in March, Victor Massiah rushed instead to rent a house within walking distance of UBI Banca's Milan offices.

Intesa maintains profit goal even if unable to merge with UBI

Jun 26 2020

MILAN Intesa Sanpaolo expects synergies from its proposed takeover of UBI Banca would be only slightly less if it cannot fully incorporate its Italian rival, and would not affect a 2022 profit goal of at least 5 billion euros ($5.6 billion).

Italian bank BPER approves revised Intesa deal: source

Jun 14 2020

MILAN Italian lender BPER Banca on Sunday approved a revised deal with Intesa Sanpaolo to address antitrust issues in Intesa's takeover bid for UBI Banca , a source close to the matter said.

Intesa's UBI bid faces antitrust hurdles over BPER deal: document

Jun 09 2020

MILAN Italy's antitrust authority cannot clear Intesa Sanpaolo's offer for rival UBI for now because of uncertainties over a planned asset sale aimed at solving competition issues, a document showed on Tuesday.

UPDATE 1-Italian insurer Cattolica told to boost capital after solvency hit

Jun 01 2020

* Cattolica to sell Tier 1 bond, new shares to raise cash (Add details)

Italy's Cattolica says could expand insurance JV with Banco BPM

May 18 2020

MILAN Italian insurer Cattolica Assicurazioni could expand an insurance partnership with bank Banco BPM, while the fate of a similar joint venture with rival UBI is still unclear, the company's CFO said on Monday.

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