Edition:
India

Gianluca Semeraro

UPDATE 1-Mediobanca profit beats forecasts as M&A deals boost fees

27 Oct 2020

MILAN, Oct 27 Italian bank Mediobanca reported stronger-than-expected quarterly earnings on Tuesday thanks to merger deals in Europe that boosted income at its investment banking division.

UPDATE 1-Glass Lewis recommends Mediobanca investors back current board's candidates -sources

15 Oct 2020

MILAN, Oct 14 Leading proxy adviser Glass Lewis has joined rival ISS in recommending Mediobanca shareholders vote for a slate of directors put forward by the outgoing board, two sources close to the matter said on Wednesday.

UniCredit picks former Treasury chief Padoan as chairman

14 Oct 2020

MILAN Italian bank UniCredit on Tuesday named economist Pier Carlo Padoan as director and said it would appoint the former Treasury chief as chairman when it renews the board next spring.

UPDATE 1-ISS recommends Mediobanca investors vote for outgoing board's candidates

13 Oct 2020

MILAN, Oct 12 Leading proxy adviser ISS recommended on Tuesday shareholders in Mediobanca vote for a slate of directors put forward by the outgoing board, in a sign of confidence in the Italian bank's management.

Del Vecchio ready to back 'ambitious' Mediobanca plans

08 Oct 2020

MILAN Italian eyewear tycoon Leonardo Del Vecchio said in a newspaper interview on Thursday he was ready to support "ambitious" plans for Mediobanca , after raising his stake in Italy's top investment bank to just above 10%.

UPDATE 3-Del Vecchio ready to back 'ambitious' Mediobanca plans

08 Oct 2020

* Stake increase comes before AGM to appoint new board (Adds comment on board lists)

Italy faces crunch time on Monte dei Paschi

02 Oct 2020

MILAN, Oct 2 Italy's clean-up scheme for Monte dei Paschi di Siena is set to be approved by shareholders of the state-owned bank on Sunday after two years in the planning, but it is unlikely to be enough to attract a buyer.

Mediobanca confirms targets through 2023 after COVID-19 hits yearly profit

30 Jul 2020

MILAN Italy's Mediobanca stuck to its multi-year financial goals on Thursday after reporting a 27% drop in net profit in the year to June 30, blaming one-off hits linked to the COVID-19 crisis.

UPDATE 1-Mediobanca confirms targets through 2023 after COVID-19 hits yearly profit

30 Jul 2020

MILAN, July 30 Italy's Mediobanca stuck to its multi-year financial goals on Thursday after reporting a 27% drop in net profit in the year to June 30, blaming one-off hits linked to the COVID-19 crisis.

UPDATE 3-Generali still on lookout for M&A bargains despite lower profits

30 Jul 2020

MILAN, July 30 Insurer Generali expects lower profits this year after COVID-19 hit first-half results, but will still keep an eye open for M&A opportunities that might arise from the crisis, it said on Thursday.

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