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Search resuls for: "UBI Banca"


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FILE PHOTO: A man walks in front of the Monte dei Paschi bank in Siena, central Italy, January 29, 2016. Italy’s Treasury and Bank of America declined to comment, while Orrick was not immediately available. Rome is expected to pay about 150,000 euros in financial and legal fees, with the lion’s share going to Bank of America, the sources said. Rome has set aside 1.5 billion euros to shore up MPS but the bank faces a shortfall of at least 2 billion, sources have said. In the case of MPS, that entails a 3 billion euro earnings boost, sources have said.
Persons: Max Rossi, Giorgio Cocini, Patrizio Messina, Marco Nicolini, Orrick, Jean Pierre Mustier, Organizations: Treasury, of America, REUTERS, Bank, America’s, Bank of America, UBI Banca, MPS, Banco Locations: MILAN, dei, Siena, Italy, Tuscany, Rome
MILAN (Reuters) - The top investor in Italy's BPER Banca EMII.MI on Friday threw its weight behind the idea of a merger with rival Banco BPM BAMI.MI to create a major banking group in the country. Were it to prioritise this idea, I think BPER couldn’t but analyse it with great attention,” Cimbri said. Unipol UNPI.MI, which controls insurer UnipolSAI US.MI, is the single largest investor in BPER with a 19% stake. With Unipol’s help BPER just raised 800 million euros in cash to fund the acquisition. Banco BPM CEO Giuseppe Castagna has repeatedly said the bank is open to considering potential partners following the creation of the Intesa-UBI banking “behemoth”.
Persons: Il, Carlo Cimbri, ” Cimbri, Unipol, UnipolSAI, BPER, Giuseppe Castagna, Organizations: MILAN, Banca EMII.MI, Banco, , UBI Banca Locations: Italy's, BPER
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