The partial demerger merges the online bank of Ubi into the private bank of Intesa Sanpaolo led by Tommaso Corcos and from this to the group led by Carlo Messina
With Friday's shareholders' meeting, the era of Ubi ended definitively and the incorporation into Intesa Sanpaolo began with the landing of over 2,4 million former Ubi customers on the IT platform of the bank led by Carlo Messina
The agreement concerns 587 operating points and 4.727 employees of the UBI network, plus 37 branches and 295 workers of Intesa Sanpaolo - Unions satisfied
INTERVIEW WITH STEFANO BARRESE, Head of the Banca dei Territori of the INTESA SANPAOLO group - "Restoring confidence is the fundamental objective to restart the Italian economy and Intesa Sanpaolo is doing everything possible to guarantee credit to businesses and…
The bank led by Carlo Messina has increased the ceiling for the circular economy from 5 to 6 billion, allocating the additional billion to Ubi customers
US futures and Asian stock exchanges greet the comforting news on the health of the US president and the possible compromise with the Democrats on the budget with decisive increases - Biden remains in a strong advantage - In Milan, the day opens by greeting…
Gold has equaled the 2011 record at 1920,9 dollars: in one week it has gained more than 5% and it is a symptom of the uncertainty that reigns on the markets - Even BTPs towards a new record - Tomorrow the…
Two days after the closing of the public offer offer on Ubi, subscriptions satisfy Intesa Sanpaolo which, according to projections, could reach 70%.
the Board of Directors of the bank led by Massiah believes that even the new offer from Intesa Sanpaolo does not adequately correspond to the real value of Ubi - The entrepreneur from Bergamo Percassi, president of Atalanta, however, sides with Messina: "Very serious industrial project".
This time the stock exchange seems to believe in the start of a new round of mergers – After the relaunch of Intesa, the bunker of Ubi, which today meets the Council, is faltering – Meanwhile, Unicredit warms up the engines
The market is betting on the white smoke for the Recovery Fund which would have undoubted beneficial effects on bank shares but today the spotlights of Piazza Affari are above all on Intesa and Ubi, which shines after the relaunch - Watch out…
The markets await the outcome of the long Brussels marathon on the Recovery Fund - But Piazza Affari is planning two more tests: one on the relaunch of Intesa Sanpaolo for Ubi and the other on Telecom Italia's moves in Brazil
Fervor among Italian banks that seem to have embarked on the path that will lead to a reorganization of the entire system - In addition to Intesa's ops on Ubi and Del Vecchio's aims on Mediobanca, attention is focused on Mps and…
In a surprise move, the Banca Monte di Lombardia Foundation has said it is willing to evaluate the offer launched by Intesa on Ubi - The Car pact therefore risks splitting - The Ubi Board of Directors meets, also to approve…
The investment funds, which control 40-50% of Ubi, seem inclined to accept Intesa's offer, but, according to sources close to Ubi, many of the retail shareholders (equal to 15-20%) may not deliver shares in operation - The controversial fund…
Macquarie's advances on the fiber company and now the exit of Intesa Sanpaolo from the Lombardy motorway show how competition on infrastructures is increasingly strategic and global. This is why the bank of Messina cashes in and…
On the scene of Piazza Affari, Intesa Sanpaolo's Ops on Ubi and the forthcoming transformation of Cattolica into a Spa in view of the entry of Generali
After the go-ahead from the PSA assembly today it's up to the Fiat shareholders to approve the marriage of the car - Meanwhile Consob says yes to Intesa's Ops on Ubi and Mps shines on the stock market for the launch of the bad bank - License to speculate…
The operation was carried out through a reserved capital increase - Gac is an independent Italian operator active in the alternative investment sector
After the authorizations from Bank of Italy and the ECB, the green light from IVASS is expected within hours, while the green light from Consob should arrive in 5 days - And thanks to the supplementary agreement with Bper, the Antitrust findings should also be resolved
The integration, launched to meet the requests of the Antitrust, specifies the number of Ubi branches that Bper undertakes to take over, i.e. 532 - In all, deposits for 26 billion will change hands
Bancassurance agreements between Ubi Banca and Cattolica Assicurazioni postponed to 30 June 2021 following an agreement between the two partners - The collaboration with Aviva has also been extended.
Intesa Sanpaolo's remote shareholders' meeting will be held on Monday 27 April, which will have to vote on the public offer for Ubi (confirmed by Carlo Messina), on the postponement of dividends and on the accounts - Rumors of a countermove by Crédit Agricole on Ubi
Green light from the boards of Intesa Sanpaolo, Ubi and Banco Bpm to postpone the distribution of coupons to the autumn - Unicredit, Banca Generali and Banca Mediolanum made the same move yesterday, urged by the ECB - After the losses of 30…
Now the advisory teams for Intesa Sanpaolo and for Ubi Banca are complete and they are responsible for the first technical assessment on the sustainability of the Public Ops launched by the bank led by Carlo Messina
Piazza Affari on the rise and against the trend compared to the European price lists thanks to Intesa's blitz on Ubi Banca which aligns with the values of the Ops - Banco Bpm, Poste and Diasorin are also progressing - Strong fall of Bper which…
Strong slowdown in the Japanese economy, which loses 6,3% on an annual basis - The abundant liquidity, however, supports the Chinese stock exchanges - Wall Street is closed today - In Milan, the spotlight is on Ubi's new business plan
Ubi successfully closed the inaugural Additional Tier 1 issue for a total of 400 million euro - Unicredit placed two bonds on the market for a total of 2 billion against demand that exceeded…
The spread rises to 168 bp and the uncertainty that reigns in the US-China tariff negotiations pushes the markets to prudence - Piazza Affari in the red but Azimut, Ubi, Diasorin and Prysmian bucking the trend - Hera reaches new all-time highs
The words of Banco Bpm's number one on a possible future merger with Ubi make it clear that a new season of banking combinations has already begun - Here are all the wedding candidates, which also concern asset management
The number one of Banco Bpm would like to find stable shareholders with whom to make a pact and is open to the hypothesis of a presence in Northern Italy with Ubi Banca but not for today. "We must continue to deliver results on our own…
Life surge - CEO Minali: "We aim to close 2019 with a better result than last year" - "Presented a non-binding offer for the entire Life perimeter of Ubi"
According to the eighth edition of the Observatory on "Finance and the Third Sector" UBI Banca - AICCON, around 70% of businesses and social cooperatives expect revenue growth in 2019 and there is a strong intention to invest using instruments…
Nervous and uncertain stock exchanges and Piazza Affari remains in negative territory even if it is close to parity - The accounts give sprint to Ubi - Juve, Campari and Recordati also do well - Spread at 270.
Maturities of seven and five years - Demand for the security placed by the company that manages the electricity grid exceeded supply by about seven times - The Bank's issue will refinance a selected project finance portfolio…
A further 215 applications for admission to the Sector Solidarity Fund already submitted during the previous redundancy plan have been accepted
For two years, the Italian Bank will be the privileged partner of the Chinese giant controlled by Beijing - Three sectors will be favored in particular: textiles, chemicals and machinery
The Board will propose to the meeting a dividend of 12 cents per share - Massiah: "In 2019 we can make an even higher profit" - "At the end of 2018 we reduced our gross NPLs to less than 10 billion" -…
Lagarde's warning on world growth and on Italy worries the markets - Brexit breakthrough: Labor wants a new referendum - Usa-China: the patent issue remains - Ubi: Carige and Mps are not for us - The…
Ubi presents the best performance of the decade and in the third quarter alone its profits amounted to 1,6 million, while analysts expected a slight loss of 3 million - VIDEO.
Intesa Sanpaolo, Unicredit, Ubi, Banco Bpm, Mediobanca and Bper pass the EBA stress tests on capital strength even in any adverse market situation and run on the Stock Exchange - Fragility problems only for Carige
The extraordinary shareholders' meeting approved the transition to the one-tier governance model with a plebiscitary consensus: from April a single board of 15 members - Massiah: "Aggregations? Inevitable, but it's not the time"
In the first two months of operation of the new funds, Zhong Ou Asset Management recorded new flows of approximately 8 billion euros from over 4 million clients
Banco Bpm runs after the breakthrough on NPLs, but the prospect of less stringent ECB rules on non-performing loans gives wings to the whole European sector - Recordati shines on the Ftse Mib: CVC intends to acquire a controlling interest…
European price lists all positive in the middle of the day despite the grain of the G7 and the wait for the ECB. Milan receives the reassurances of the new Minister of the Economy on the euro and the stability of the accounts and is the best place. Push on banks: purchases…
Profits and interest margin of the bank led by Victor Massiah exceed market expectations - NPL coverage rose to 40,35%
The agreement provides that Ubi Banca will guarantee companies in the Ansaldo Energia supply chain targeted advice, including on tax breaks, and dedicated banking products
The American agency confirmed Unicredit's long-term 'BBB' and short-term 'A2' ratings - No changes even for Ubi's long-term and short-term ratings, at BBB-/A-3 - Stable outlook for both the institutes
Bounce tests on European price lists. Piazza Affari starts badly but then tries to recover. Political tensions are holding back investors. Rates on government bonds on the bond market also rose slightly - The shadow of Mps weighs on…
Asian stock exchanges close lower but tariffs are expected to clear up: the US starts negotiations with China - Facebook continues to be stormy - According to Morgan Stanley, the European stock exchanges are "sell" - The auctions of…
Thanks to the drop in costs and adjustments but also to the increase in revenues (especially from commissions) the four most profitable Italian banks - Unicredit, Intesa Sanpaolo, Banco Bpm and Ubi - generated in 2017 a total profit exceeding…
After incorporating Banca Etruria, Banca Marche and Carichieti, the managing director of Ubi, Victor Massiah celebrates the return to profit and the cut in NPLs and does not rule out other consolidation operations in the future, but "for now there is nothing" …
In 2017, UBI's profit extended to the three acquired banks (Etruria, Marche, Carichieti) amounted to 690 million compared to a loss of 830 million in the previous year - A strong disposal of non-performing loans decided - Massiah: "In 2018 we expect …
The shareholders of the four institutions in crisis _ Banca Marche, Etruria, Chieti and Ferrara - will be able to take action against Ubi and Bper for damages deriving from the investment services received before the acquisition. Ubi and Bper will still be covered by financial guarantees…
The minimum Common Equity Tier 1 requirement rises to 8,625%, but the institute announces that it is "well above" these levels, with a Cet1 at 30% phased in as at 11,65 September and 11,54 .XNUMX fully loaded.
The allegations are of obstruction of the supervisory bodies and of alleged illegal interference in view of the formation of the 2013 assembly.
Of the main European price lists, only the Spanish one is suffering - Euro down - Manufacturing in the Eurozone is improving, Italian unemployment is down - Vola Ubi, promoted by SocGen - Vola Gima Tt makes its debut - Collapse of Trevi (-20%) which…
Piazza Affari is at its highest since December 2015 (+0,61%) and conquers the record of the day in Europe - Exploit of Yoox (+4,17%) and excellent performance of the banks in the wake of the possible merger between Unicredit and Commerz, after that the government…
Italian Banking Conference 2017, Luiss - Castagna: too much competition on rates and this "weighs down the economic accounts" - Gros Pietro: "Extend surveillance to new operators as well" - Massiah: "We need stable rules" - Maioli: "Beware of excessive emphasis on commissions"…
European stock markets in the throes of uncertainty after the launch of the Korean missile and Piazza Affari, despite the increases in the banks, cannot find the impetus to remain positive. Worth noting is Unicredit but volatility dominates: affected Telecom, Ferrari and Terna…
European stock markets inverted course dragged by the crash of US technology and by the prospects of rate hikes and the strengthening of the euro. Paris and Frankfurt do worse than Piazza Affari which closes at -1,6%. After days at a gallop, they prevail…
In the middle of the day, Piazza Affari seems to take a break to reflect after Mario Draghi's words on Qe. Bank stocks remain positive with the spotlight on Ubi Banca, Banco Bpm and Bper. Intesa Sanpaolo also did well. The…
The competition, promoted on the ideaTRE60 platform by the Italian Accenture Foundation, the Bracco Foundation, the Golinelli Foundation and UBI Banca, is aimed at startups under 35 called to present innovative projects capable of promoting social cohesion, development and networking.
Market cautious on Intesa Sanpaolo pending the conclusion of the deal - Ferragamo, A2A, Exor, Fca and Ubi weigh in on Piazza Affari - Prysmian, Azimut, Yoox and Stm go against the trend - All European price lists are in the red
After Wall Street, high tech stocks are also collapsing on the Asian stock exchanges - Banks: in the next few hours it will be understood whether the systemic solution for the rescue of Popolare di Vicenza and Veneto Banca can be triggered while it becomes more complicated…
Troubled waters and volatility due to the result of the UK elections which do not ensure a certain winner. After a euphoric debut, Piazza Affari loses altitude. Madrid is also down as it looks to the Catalonia referendum. After the sprint start, the bankers get worse…
Economic growth sterilizes the effects of the Manchester massacre on the markets - Piazza Affari (+0,46%) among the most active stock exchanges in the wake of Banco Bpm which gains almost 6% - Ubi, Italgas also perform well and Prysmian…
The disappointing American and Italian sales of cars penalize the Fiat Chrysler stock which loses 4,19%, but Piazza Affari continues to grow (+0,6%) thanks to the leap by Ubi (+2%) after the go-ahead from Brussels to the purchase of the Good banks…
Green light from the shareholders' meeting for the capital increase for the purchase of Banca dell'Etruria e del Lazio, Banca delle Marche and Cassa di Risparmio di Chieti - The coupon of 0,11 euro per share has also been approved.
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…
After the ECB meeting, optimism is back on the stock markets and the week ends on a positive note. Bot auctions are also benefiting in Milan, with robust demand. The yield on the Bund rises but the spread remains unchanged. The rise continues…
The invariance of rates and above all of Qe and, even more, Draghi's confirmation that the Italian public debt is sustainable gives impetus to the banks and the Milan Stock Exchange - Ubi superstar (+7,33%) but Bper also shines, Bank…
In the middle of the day, Milan follows the other European squares waiting for Draghi. Alfa Romeo loses more than 2% after the industrial plan - Fiat Chrysler recovers after the jolts of recent days - The pressure on the cost of money…
The banking group led by Massiah has received the definitive go-ahead from the Bank of Italy and signed the contract to purchase Nuova Banca dell'Etruria e del Lazio, Nuova Banca delle Marche and…
After yesterday's collapse, FCA today gains 4,61% on Piazza Affari but loses ground on Wall Street - Now Renault is in the eye of the storm - Ubi's new exploit, after the purchase of three Goods for one euro Banks,…
A day full of news from the economic and financial world: the lights are all focused on the possible FCA scandal, but big news also comes from Unicredit, UBI and Alitalia.
The accusation by the American authorities of having manipulated the data on the emissions of 104 cars sinks FCA and Exor and drags down Piazza Affari (-1,7%) - Marchionne's immediate reply - Mediaset and Leonardo are also down sharply - Sprint…
By mid-morning, the European price lists partially recovered from a less than exciting start in the wake of the positive news on the economy - The star of Germany shines where the GDP grows by a maximum of 5 years - In Milan Unicredit holds…
The Unicredit shareholders' meeting is called today to approve the 13 billion capital increase proposed by Jean Pierre Mustier while Ubi makes a binding offer to the Bank of Italy to take over Banca Etruria, Banca Marche and Carichieti at the symbolic price of…
The supervisory board of Ubi has authorized the official and binding presentation to the Bank of Italy for the purchase at the symbolic price of 1 euro of Nuova Banca dell'Etruria e del Lazio, Nuova Banca delle Marche and Carichieti -…
In the last session of the year, the European price lists show little movement in the middle of the day - Milan is in line and America is also waiting for Trump - Piazza Affari is preparing to close 2016 with a 10% loss - TerniEnergia,…
In the last trading session of 2016, the markets are calm - In Piazza Affari the new tariffs make utilities fly while the banks continue to suffer - Ubi is now one step away from acquiring Banca Etruria, Banca Marche…
The Trump effect on rates and the unknowns linked to the constitutional referendum make the market volatile and cause the BTP-Bund spread to soar, reaching 170 - The BTP auction fills up but yields rise - After a sprint start…
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
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'…
The minister assures that the ministry "will not play an intrusive role" and said he is sure of the success of the upcoming 5 billion capital increase - Last night maxi summit reserved for the Treasury with Bank of Italy and the banks
European stock markets open the month on the rise despite the background fragility remaining - Piazza Affari is the weakest, banks are struggling, asset management leaps with Azimut - Il Sole24Ore sinks: -14% - Pound sterling at 5…
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,…
Banks, energy and insurance are the most penalized sectors in all of Europe - At the bottom of the Ftse Mib are Saipem (-4,97%), Unipol (-4,38%), Banco Popolare (-4,28%), Ubi Banca (-4,19%) and Banca Pop Milano (-3,99%).
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
Piazza Affari is up (+2,5%) and is still the best stock exchange in Europe today - The banks' session should be framed, with increases of between 5 and over 7% - Rumors of a possible sale of the subsidiary …
Neither the Bank of England nor Japan are adopting an anti-crisis strategy based on unlimited liquidity but the theme will be at the center of the meeting of central bankers in Jackson Hole - Awaiting data on US jobs -…
The CEO of Ubi, Victor Massiah, could accept the project to expand his own institute, which the purchase of Bpm has missed out on - Monte dei Paschi would be able to raise cash and get rid of a part of the bad debts that burden its…
The rumors about upcoming measures to support the banks, currently under negotiation between Rome and Brussels, cause bank shares to rebound and relaunch Piazza Affari which records a rise of 3,3% - Exploit of over…
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The former mayor of Milan Letizia Moratti is the new chairman of the supervisory board of UBI, one of the leading Italian banks - The supervisory board appointed her yesterday, which also confirmed Victor Massiah as CEO of the bank
The UBI shareholders' meeting has appointed the new Supervisory Board, of which the entrepreneur Andrea Moltrasio will be the chairman, and approved the distribution of a dividend of 0,11 euros per share - BPM agrees to appoint former MP Nicola …
Wednesday's rebound burned in a few hours. The flood of bank sales continues throughout Europe: the Eurostoxx drops 6% - UBI and Mediobanca are especially affected in Piazza Affari - Société Générale collapses in Paris - The…
But Victor Massiah, number one of the Bergamo bank, is asking for conditions to the advantage of his institution on exchanges and governance - It also seems that the manager is willing to guarantee only half of the senior debts of the Sienese institution