Hints and tips:
...Prosecutors had offered to end the criminal investigation against Mr Kengeter if he made a personal payment of €500,000 and if the company paid a fine of €10.5m....
...A Frankfurt judge recently blocked a settlement that would have ended the probe....
...There has been speculation that UniCredit could seek to extract cash from HVB by floating up to a quarter of the German bank on the stock market – a move that analysts have estimated could raise about €2.5bn...
...Mr Scognamiglio is a former Italian diplomat....
...UniCredit this week reported profits in the third quarter fell 40 per cent on a yearly basis as a strong performance in its business in eastern Europe failed to offset a loss of €165m at its Italian commercial...
...The German subsidiary of UniCredit, the Italian bank, has been searched by prosecutors in connection with a tax evasion investigation related to share deals....
...investments at Cathay Life Insurance, will have a similar role in Taiwan and across broader Asia...
...in such a stressed scenario....
...A UniCredit veteran who used to run the central and eastern European operations, Mr Ghizzoni is undertaking a strategic review to try to improve profitability....
...Sergio Ermotti, head of corporate and investment banking, is leaving after failing to secure a role as a co-general manager in a move which people close to the company said signalled a move away from investment...
...Mr Profumo had called on the Libyans to buy a shareholding after Cariverona, an Italian shareholder, decided not to take part in a UniCredit cash call....
...The exit of Mr Profumo from a bank he had led for 15 years, is the culmination of a ferocious campaign that one prominent ally has compared with a hunt with hounds....
...Santander Consumer Bank AG is already a leading provider of auto finance and consumer loans in Germany, with 6m customers....
...It is a message that suits Mr Profumo and his desired image as a committed European....
...A sale would mean defeat for SEB’s decade-long effort to become a force in German retail banking and restart a phase of consolidation following transformational deals before the financial crisis, including...
...As always, national sensitivities are at stake, given a stockmarket’s status as a national symbol....
...[some German companies] have higher leverage than a private equity fund.”...
...Bayerische was another German asset manager to perform well in February, with its International Convertible Bond-Fonds netting €135m of assets....
...B&B said on Monday that its shares had been suspended as it sought to resolve a dispute with a bank, which holds a deposit of a material amount, relating to the release of that deposit....
...So far they have not resorted to a state bail-out, although the Italian government has promised to come to the rescue of any bank that asks for such a move....
...B&B is also considering a debt-for-equity swap as part of a broader capital restructuring....
...First, that economic growth will stall, with a knock-on effect on earnings....
...The bank was forced into making a statement after earlier comments about a deteriorating environment from Wolfgang Sprissler, chief executive of UniCredit’s HVB subsidiary in Germany....
...“The FDA’s approval of Cimzia . . . comes as a genuine surprise and . . . marks a likely turning point in sentiment towards the stock,” the broker said....
...A loss of momentum is likely in the two September purchasing managers’ surveys, due on Monday and Wednesday respectively....
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