UniCredit

Italy's UniCredit announces recapitalization, bad loan sale, job cuts

Italy's biggest bank by assets, UniCredit, unveiled Tuesday a major restructuring plan hinging on a 13-billion-euro (13.8-billion-dollar) recapitalization, the sale of 17.7 billion euros' worth of...

Italy's UniCredit raises 3.9 billion euros with Pioneer asset sale

Italy's biggest bank by holdings, UniCredit, said Monday it was going to cash in 3.86 billion euros (4.1 billion dollars) from the sale of its asset management firm, Pioneer, to France' Amundi, in...

UniCredit sells stake in Polish bank Pekao to strengthen capital

Italy's biggest bank by assets, UniCredit, said Thursday it was going to sell a 32.8-per-cent stake in Polish subsidiary Pekao to insurance company PZU and state development fund PFR for 2.4...

Franak: UniCredit has not grounds for arbitration over CHF loans

Italy's UniCredit, the owner of Zagrebacka Banka (ZABA), has no grounds for arbitration over Croatia's law on the conversion of Swiss franc loans at the International Center for the Settlement of...

UniCredit shares continue fall despite higher profit, less bad loans

Italy's largest bank by assets, UniCredit, reported Wednesday higher profit and a reduction in exposure to bad loans, but still suffered stock market falls amid lingering concerns about its...

New UniCredit CEO sees need for stronger capital base

Frenchman Jean-Pierre Mustier, appointed Thursday as the new chief executive officer at Unicredit, said he would work to strengthen the troubled Italian bank's capital base and improve its bottom...

Croatia hires 4 investment banks for euro bond

Croatia has hired Citigroup, HSBC, Societe Generale and UniCredit to lead manage a euro bond, Reuters reported on Monday citing its sources.