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Top related persons:
UniCredit - 1 Andrea Orcel - 1 Orcel - 1 it's - 1 Deutsche Bank CEO Christian Sewing - 1
Top related locs:
Commerzbank Germany Munich
Top related orgs:
Bloomberg - 1 HypoVereinsbank - 1 Alpha Bank - 1 Hellenic Financial Stability - 1 Deutsche Bank - 1 Deutsche Bank CEO Christian - 1 Commerzbank - 1 titans - 1

Search resuls for: "HypoVereinsbank"


2 mentions found


☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
  + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +3 min
UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.
Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich
☆ European banks cash in on rising rates as clouds gather
  + stars: | 2022-10-26 | by ( Tom Sims John O'Donnell Jesús Aguado | Tom Sims | John O'Donnell | ) www.reuters.com   time to read: +6 min
And Italy's UniCredit (CRDI.MI) raised its 2022 profit goal, helped by higher interest rates and lower loan loss provisions that also drove quarterly earnings above forecasts. For years, banks bemoaned ultra loose monetary policy, but now higher interest rates means banks can start to benefit from the increased gap between what they charge borrowers and what they pay savers. Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy. For Santander, higher loan loss provisions in key markets like Brazil and the United States overshadowed better than expected third-quarter earnings. While benefiting from higher interest rates, banks also face the unwinding of a scheme that buoyed their profits for years.
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