Mediobanca Banca di Credito Finanziario SpA
European banks saw their best first-half since 1997, but maintaining returns will be a challenge
European banks have had a bumper start to the year, outperforming almost all other sectors as investors reward a recent period of improved profitability — but analysts warn returns may not have as far to run in the second half. The Stoxx 600 Banks index has risen more than 28% in the first six months […]
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Europe stocks set to rise as investors look ahead to U.S.-China trade talks in Switzerland
European stock market futures point to a positive start after the U.K. and U.S. confirmed a trade agreement, and investors look ahead to the U.S.-China trade negotiations set to begin this weekend. The pan-European Stoxx Europe 600 index is expected to open higher by 0.3%, according to futures data from FactSet. The U.K.’s FTSE 100 […]
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Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says
Key Points Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer. Analysts have been divided over the benefits of the deal, with some warning that there are limited synergies in combining two different banks. Acquiring […]
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Italy’s Mediobanca rejects Monte dei Paschi’s ‘destructive’ 13-billion-euro takeover bid
Key Points Tuscany’s bailed-out Monte dei Paschi unexpectedly launched a 13-billion-euro all-share takeover proposal for Mediobanca. Monte dei Paschi, which required state rescue in 2017 after years of battering losses, has long been the poster child of trouble in the Italian banking sector. Monte dei Paschi’s investors include Mediobanca shareholders such as business tycoon Francesco […]
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Monte dei Paschi shares fall 6% after lender launches surprise 13-billion-euro bid for Mediobanca
Key Points Offering 23 of its shares for 10 of its acquisition target, Monte dei Paschi values Mediobanca’s stock at roughly €15.992 each, a 5% premium to the close price of Jan. 23. Monte dei Paschi, the world’s oldest bank, required a state rescue in 2017 after years of crippling losses, but has turned the […]
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Europe shares near at contemporary history highs United kingdom exits recession
European markets shut increased on Friday as beneficial momentum ongoing into the stop of the week. The pan-European Stoxx 600 index was up by .8% by the near. Mining shares and utilities led gains and were up 1.3% and 1.5% respectively. All main bourses ended up in the eco-friendly, with the Stoxx 600, as well […]
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Credit score Suisse is less than stress, but brief sellers appear to be eyeing yet another world bank
Investor nervousness over Credit Suisse has despatched its shares tumbling more than modern days , but short sellers look to be eyeing yet another European lender, knowledge shows. Paris-headquartered BNP Paribas was the most shorted European banking stock as of Monday, with a whole of $1.68 billion in bets from the bank’s shares, in accordance […]
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