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United States

Pamela Barbaglia

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.

Coronavirus strikes down global M&A as companies keep their distance

Jun 30 2020

NEW YORK/LONDON Global M&A activity tumbled to its lowest level in more than a decade in the second quarter, according to data provider Refinitiv, as companies gave up on expansion plans to focus on protecting their balance sheets and employees in the wake of the coronavirus outbreak.

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.

Exclusive: Italy's Generali in bid to acquire U.S. asset manager Brightsphere - sources

Jun 26 2020

NEW YORK/LONDON/MILAN Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday.

Alpha Bank nears deal to sell bad debt portfolio to Fortress: sources

Jun 25 2020

ATHENS/LONDON Alpha Bank , Greece's fourth-largest lender, is close to finalising a deal to sell a portfolio of bad loans worth more than 1 billion euros to U.S. investment manager Fortress Group, three sources familiar with the matter told Reuters.

Frustration, fear and family: lockdowns test investment bankers

Jun 25 2020

LONDON Lockdowns are sharpening the knives in the cut-throat world of M&A banking.

Volkswagen explores acquisition of car rental group Europcar: sources

Jun 24 2020

Volkswagen AG is in talks to acquire French car rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet, people familiar with the matter said on Tuesday.

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