The net profit for the 9 months amounted to 167,3 million euros deriving from the 190,1 million recorded by Ubi "stand alone" and the loss of 22,9 million recorded in the last two quarters by the former "good banks"
The industrial plan envisages a reduction of 200 million in the operating costs of the Good Ganks within three years - They will close 140 branches - Massiah: "inevitable cuts"
This was announced in a note by Quaestio Capital Management: the amount corresponds to approximately two-thirds of the non-performing loan portfolio of the three banks.
Ubi and Bper are now one step away from the definitive purchase of the Good Banks because a pool of banks is raising funding for the Rev, the bad bank of the banks under resolution, which will allow the repayment of the funds obtained from…
The uncertainty and political instability deriving from the referendum result make a solution for the most acute banking cases even more urgent: from the recapitalization of Mps and Unicredit to the sale of the Good banks and the merger of the Veneto banks up to the decree…
Mps at the crossroads, today the shareholders' meeting decides on the relaunch plan of the Sienese bank which has received the go-ahead from the ECB and the Bank of Italy - Achieved the quorum of 20% of the capital - About Banca Marche, Banca Etruria…
All eyes will be turned towards Siena, where the managing director of Monte dei Paschi, Marco Morelli, will submit the Tuscan bank's rescue plan to the shareholders' meeting - A crucial day also for three of the four Good Banks - For Banca Marche, …
Something is finally moving in the Italian banking system: under pressure from the Atlante Fund, Banca Popolare di Vicenza and Veneto Banca have decided to open a technical table to study the feasibility of the merger - Accelerator also for…
There is a new deadline, but the Commission does not reveal it "to protect the effectiveness of the sales process" - In the meantime, the Atlante-Apollo idea emerges alongside the hypothesis of an Atlante-Ubi intervention
The recovery of Piazza Affari, in contrast with the difficulties of the other price lists, but also Padoan, good banks, Mediaset and Brexit: the five most important news of the day selected by FIRSTonline, with the Ansa video.
Ubi remains on track for the purchase of Banca Etruria, Banca delle Marche and Carichieti but the ECB Supervision is complicating the game with unsustainable conditions - If the agreement fails, it would cost 1,5 billion to the major banks - Rossi (Bank of Italy ): "AND'…
Ubi lost 2,78% on the Stock Exchange and is the worst bank stock of the FtseMib: it is a sign that the negotiations of the Lombard bank for the purchase of 3 of the 4 Good banks are entering the final phase for which,…
The CEO of the Lombard group, Massiah, confirms that he is ready for some acquisitions and the spotlights are all on the 4 Good banks - Meanwhile, international investors are back
In an interview with FIRSTonline on March 12, Nicastro had guaranteed that "the banks are attractive for sale and will be sold by the end of the summer".
