Edition:
India

Valentina Za

Bank of Italy seeking data on performance of bad loan deals -sources

15 Nov 2019

MILAN, Nov 15 The Bank of Italy has been collecting data on how efficiently the unpaid loans sold off by banks are being recouped, reflecting concerns about slow progress and the potential fallout for taxpayers, two sources familiar with the matter said.

UniCredit opens door to share buyback after solid earnings

07 Nov 2019

MILAN UniCredit on Thursday opened the door to its first share buyback in more than a decade after solid third-quarter earnings and a boost to the bank's capital.

UPDATE 3-UniCredit opens door to share buyback after solid earnings

07 Nov 2019

* Capital allocation "paramount" under new plan (Adds comments from press conference)

Monte dei Paschi expects answer on bad loan plan within weeks - CEO

06 Nov 2019

MILAN Monte dei Paschi expects more clarity in a few weeks on negotiations between Italy and European competition authorities on a proposed "massive" problem loan clean-up at the state-owned bank, its chief executive said.

UPDATE 1-Monte dei Paschi expects answer on bad loan plan within weeks-CEO

06 Nov 2019

MILAN, Nov 6 Monte dei Paschi expects more clarity in a few weeks on negotiations between Italy and European competition authorities on a proposed "massive" problem loan clean-up at the state-owned bank, its chief executive said.

Fiat Chrysler und PSA wollen zum Auto-Champion werden

31 Oct 2019

Mailand In der kriselnden Autobranche soll ein neuer Champion entstehen: Fiat Chrysler und die Opel-Mutter PSA wollen zum viertgrößten Autokonzern der Welt verschmelzen.

Deal talks between IFIS and Elliott-owned Credito Fondiario collapse

31 Oct 2019

MILAN Italian bad loan specialists Banca IFIS and Credito Fondiario on Wednesday ended talks to set up a debt recovery partnership with IFIS citing disagreements over governance.

Italy's Cerved aims to combine credit management unit with debt buying businesses

30 Oct 2019

MILAN, Oct 30 Italy's Cerved would like to combine its debt management division with a debt purchasing business as it studies a possible sale or merger of the unit, its chief executive said.

EU wary of Italy's plan to spare Monte Paschi from loan losses: sources

25 Oct 2019

(The October 24 story corrects to make clear other shareholders would also be hit in paragraph 11.)

Greece's Eurobank struggles to flip loan-recovery unit to PIMCO: sources

04 Oct 2019

LONDON/MILAN/ATHENS Greece's Eurobank is struggling to finalize a deal to sell a majority stake in its loan-recovery business to U.S. money manager PIMCO, sources familiar with the matter told Reuters, after a Sept. 30 deadline passed with no agreement.

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