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Gianluca Semeraro

UniCredit lowers 2019 revenue forecast, sticks to profit goal

Aug 07 2019

MILAN Italy's biggest bank by assets UniCredit on Wednesday cut its revenue target for 2019, citing expectations that interest rates will remain low for some time due to an economic slowdown in Europe.

Italy's Fineco sees no M&A deal on the horizon after UniCredit sale

Aug 05 2019

MILAN Italian online broker FinecoBank will not be part of an expected wave of mergers in the asset management industry, either as predator or prey, its chief executive said on Monday.

Salini secures backing to create Italian construction champion

Aug 02 2019

MILAN Italy's largest builder, Salini Impregilo , has secured financial backing to create a national construction champion, a plan backed by the government and which would include the group's proposed takeover of troubled rival Astaldi .

UPDATE 2-Salini secures backing to create Italian construction champion

Aug 02 2019

MILAN, Aug 2 Italy's largest builder, Salini Impregilo, has secured financial backing to create a national construction champion, a plan backed by the government and which would include the group's proposed takeover of troubled rival Astaldi.

Italy's Generali beats first-half expectations, confirms targets

Aug 01 2019

MILAN Italy's top insurer, Generali , reported first-half operating profit above market estimates on Thursday, helped by growth across its business segments, and confirmed all of its three-year targets announced in November.

Italy's UniCredit looks to ring-fence foreign assets - sources

Jul 09 2019

ROME Italy's biggest bank by assets, UniCredit , plans to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market, two sources said on Tuesday.

UPDATE 1-Italy's UniCredit looks to ring-fence foreign assets - sources

Jul 09 2019

ROME, July 9 Italy's biggest bank by assets, UniCredit, plans to review its corporate structure and could ring-fence its foreign operations from its systematically risky home market, two sources said on Tuesday.

Exclusive: Italy's UniCredit puts possible Commerzbank bid on ice for now - sources

Jun 24 2019

LONDON/MILAN Italy's UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said.

Intesa to sell up to 5 billion euros in UTP loans to Prelios: sources

May 22 2019

MILAN Intesa Sanpaolo will offload only up to 50 percent of a 10 billion euro ($11 billion) portfolio of so-called "unlikely-to-pay" (UTP) loans whose sale it is negotiating with Prelios, three sources familiar with the matter said.

UPDATE 1-Mediobanca eyes Julius Baer's Kairos in asset management drive

May 09 2019

MILAN, May 9 Mediobanca is looking at Julius Baer's Italian asset manager Kairos as part of plans to expand its wealth management business, the bank's CEO said on Thursday.

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