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Reuters - 11 hours ago

Unipol to look at any M&A option in bancassurance business, Ceo says

BRIEF-Unipol to look at any M&A option in bancassurance business, Ceo says Nov 8 (Reuters) - Unipol UNPI.MI CEO Matteo Laterza tells analysts: UNIPOL CEO: ON TRACK TO DELIVER OUR INDUSTRIAL PLAN PROFITABILITY TARGET, AND AFTER THIS QUARTER I AM MORE CONFIDENT TO SAY THAT UNIPOL CEO WHEN ASKED ABOUT COMPANY INTEREST IN MONTE DEI PASCHI: BANCASSURANC

Reuters - 13 hours ago

Monte dei Paschi CEO is confident 2024 pre-tax profit can reach 1.4 bln euros

BRIEF-Monte dei Paschi CEO is confident 2024 pre-tax profit can reach 1.4 bln euros Nov 8 (Reuters) - Banca Monte dei Paschi BMPS.MI di Siena Chief Executive Luigi Lovaglio and Chief Financial Officer Andrea Maffezzoni tell analysts in a post-results call : CEO: CONFIDENT BANK CAN SURPASS 1.3 BILLION EURO PRE-TAX PROFIT GOAL FOR 2024 CEO: FOURTH QU

Reuters - 15 hours ago

Italy's Monte dei Paschi hikes 2024 profit goal after strong quarter

UPDATE 3-Italy's Monte dei Paschi hikes 2024 profit goal after strong quarter Recasts with comments from conference call paragraphs 1-4 By Valentina Za MILAN, Nov 8 (Reuters) - Italian state-controlled bank Monte dei Paschi di Siena BMPS.MI on Friday hiked its profit goal for the year after reporting a larger than expected 31% yearly rise in third quarter income.

Reuters - 15 hours ago

Italy's Monte dei Paschi posts stronger than expected quarterly profit

Italy's Monte dei Paschi posts stronger than expected quarterly profit MILAN, Nov 8 (Reuters) - State-owned Italian bank Monte dei Paschi di Siena BMPS.MI on Friday reported a larger than expected 31% yearly rise in profit for the third quarter of the year, as income from its lending business performed strongly in the period. Net profit in the three months through September totalled 407 million euros ($439 million), against a 323 million euro forecast in a company-provided analyst consensus.

Reuters - 16 hours ago

Monte Dei Paschi Cet1 Fully Loaded At Sept-End At 18.1%

BRIEF-Monte Dei Paschi Cet1 Fully Loaded At Sept-End At 18.1% Nov 8 (Reuters) - Banca Monte dei Paschi di Siena SpA BMPS.MI : CET1 FULLY LOADED AT SEPT-END AT 18.1% Further company coverage: BMPS.MI (Gdansk Newsroom)

Reuters - 17 hours ago

Italy - Factors to watch on Nov.8

Italy - Factors to watch on Nov.8 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy urged the European Union on Thursday to guarantee bond issuance needed to finance defence , saying a NATO spending target of at least 2% of gross domestic product (GDP) by 2028 clashed with the EU's reva

Reuters - 1 day ago

Italy's Banco BPM bids for asset manager Anima, boosting shares of both

UPDATE 2-Italy's Banco BPM bids for asset manager Anima, boosting shares of both Deal looking to benefit from favourable capital rules Will boost revenues from fees as rates decline M&A was forecast among bank insurance units, fund managers Anima shares close up 11%, Banco BPM gais 9% Adds details on rules that triggered deal in paragraph 4-5; concerns over Amundi's investment in Anima in 9; absence of lack of control clause in Monte dei Paschi contract in 12; updates shares By Valentina Za and

Reuters - 2 days ago

Italy's Banco BPM bids for asset manager Anima, lifting shares in both

Italy's Banco BPM bids for asset manager Anima, lifting shares in both By Valentina Za and Andrea Mandala MILAN, Nov 7 (Reuters) - A bid by Italy's third-largest bank Banco BPM BAMI.MI to acquire full control of Anima Holding ANIM.MI drove shares in the fund manager nearly 9% higher on Thursday. Banco BPM said late on Wednesday that it would make the 1.6 billion euro ($1.7 billion) bid through its insurance business, which allows it to minimise the use of capital thanks to favourable rules known

Reuters - 1 week ago

Italy - Factors to watch on October 31

Italy - Factors to watch on October 31 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases September unemployment rate flash data (0900 GMT); October CPI flash data (1000 GMT); August industry sales data (1100 GMT).

Reuters - 1 week ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Monte dei Paschi di Siena, BHP; updates Volvo Cars, Sabadell Oct 30 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1938 GMT on Wednesday: * * Italy is struggling to find a "strategic" buyer for its stake in lender Monte dei Paschi di Siena BMPS.MI before a year-end deadline, leaving it with little alternative but to turn to the market and broaden a fragmented shareholder base, two sources close to the sale proc

Reuters - 1 week ago

Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say

REFILE-Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say Refiles to fix wording in headline Rome must cut MPS stake to show EU it doesn't control bank Italy rescued MPS in 2017, wants strategic buyer for stake sale No active talks with merger candidates Banco BPM, BPER Banco BPM remains favoured option for government By Valentina Za, Giuseppe Fonte MILAN, Oct 30 (Reuters) - Italy is struggling to find a "strategic" buyer for its stake in lender Monte de

Reuters - 1 week ago

Italy - Factors to watch on Oct. 30

Italy - Factors to watch on Oct. 30 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases Q3 GDP preliminary data (0900 GMT) and September producer prices data (1000 GMT).

Reuters - 2 weeks ago

Italy - Factors to watch on October 28

Italy - Factors to watch on October 28 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Ratings agency DBRS revised on Friday its trend on Italy to 'positive' from 'stable', citing recent improvements in the country's fiscal path, in a boost to Prime Minister Giorgia Meloni's government.

Reuters - 2 weeks ago

Monte Dei Paschi Says Fitch Upgrades IDR to BB+, VR to bb+

BRIEF-Monte Dei Paschi Says Fitch Upgrades IDR to BB+, VR to bb+ Oct 25 (Reuters) - Banca Monte dei Paschi di Siena SpA BMPS.MI : FITCH UPGRADES MPS LONG-TERM IDR TO BB+ FROM BB MPS VIABILITY RATING UPGRADED TO BB+ FROM BB Further company coverage: BMPS.MI (Gdansk Newsroom)

Reuters - 2 weeks ago

Italy to raise more than 5 bln euros over next three years from banks, insurers

UPDATE 1-Italy to raise more than 5 bln euros over next three years from banks, insurers Banks seen contributing 3.6 bln euros, insurers 1.75 bln Measures involve use of deferred tax assets State-owned Monte Paschi di Siena particularly affected Adds details from document and background throughout By Giuseppe Fonte and Valentina Za ROME, Oct 23 (Reuters) - Italy expects to raise about 5.4 billion euros ($5.82 billion) over the next three years from banks and insurers through a package of measure

Reuters - 2 weeks ago

Italy to spread deductions of banks' tax assets for up to four years, budget shows

Italy to spread deductions of banks' tax assets for up to four years, budget shows ROME, Oct 23 (Reuters) - Italian banks will temporarily face higher taxes on profits as the government intends to force lenders to spread tax deductions stemming from past losses for up to four years, Rome's 2025 budget showed on Wednesday. The move is expected to result in a contribution from banks to Italy's strained state finances worth more than 2.5 billion euros ($2.70 billion), the government has said.

Reuters - 3 weeks ago

Barclays sold all its potential stake in Italy's Monte dei Paschi as of Oct. 14- Filing

BRIEF-Barclays sold all its potential stake in Italy's Monte dei Paschi as of Oct. 14- Filing Oct 21 (Reuters) - A regulatory filing by Italian market watchdog CONSOB shows: BARCLAYS SOLD ALL OF ITS 5.127% POTENTIAL STAKE IN MONTE DEI PASCHI AS OF OCT. 14 GOLDMAN SACHS HELD 5.040% INDIRECT STAKE IN SAIPEM AS OF OCT. 10 Source text for Eikon: [ID:]

Reuters - 3 weeks ago

Italy - Factors to watch on October 21

Italy - Factors to watch on October 21 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS The Italian government vowed on Friday to push ahead with its contested plan to divert asylum-seekers abroad, saying it would appeal against a court's ruling that a group of migrants in reception centres

Reuters - 3 weeks ago

Italy - Factors to watch on October 18

Italy - Factors to watch on October 18 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Bank of Italy releases August data on foreign investors holdings of Italian government bonds.

Reuters - 3 weeks ago

Barclays held a 5.13% indirect stake in Italy's MPS as of Oct. 7, filing shows

BRIEF-Barclays held a 5.13% indirect stake in Italy's MPS as of Oct. 7, filing shows Oct 16 (Reuters) - Banca Monte dei Paschi di Siena BMPS.MI , Italy's market regulatore CONSOB says in a filing: BARCLAYS HELD A 5.127% STAKE IN BANCA MONTE DEI PASCHI AS OF OCT. 7, INCLUDING 4.2% IN LONG POSITIONS - REGULATORY FILING Further company coverage: BMPS.

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