|Day Low/High||2.82 / 2.82|
|52 Wk Low/High||1.93 / 4.49|
Italy's banking sector might get as much as $21 billion in government support as lawmakers ponder new borrowing.
Monte dei Paschi will enter January as a new bank -- or it may not see the New Year at all.
A bold restructuring from UniCredit in Italy lit a fire under the banking sector.
European stocks booked modest early gains Tuesday ahead of the Fed's key December rate decision.
U.S. stock futures rise a day after the Dow notches its 15th record close since Election Day; Wall Street expects an increase in interest rates as the Fed meeting begins.
The Tuscan lender still needs to sell €27 billion of nonperforming loans -- and banks are no longer backing its capital increase with their own wallets.
UniCredit will raise $13.8 billion in a rights issue and sell $18.8 billion in nonperforming loans amid a capital-raising effort for Italy's biggest bank.
Global oil prices hit the highest level in 18 months after a rare production cut agreement.
European stocks look set to build on the strongest weekly rally of the year Monday.
UniCredit sells asset management arm as capital raising efforts continue.
Banca Monte Dei Paschi reportedly won't be granted extra time to submit a capital raising plan to the ECB.
Italy's bank shares fall as the European Stability Mechanism boss says the government hasn't made a loan request.
Europoean stocks are set to gain again Thursday ahead of a key ECB policy meeting later in Frankfurt.
UniCredit unloads its Poland bank stake amid its ongoing asset sale strategy.
Fading risks emanating from Italy boosted investor sentiment for a second day.
Deutsche Bank rises more than 7% in Frankfurt as European banks book solid gains.
Prime Minister Matteo Renzi has one final chance to save his country's oldest lender and steady the financial system of Europe's third-largest economy.
The resignation of Renzi will likely see little policy change as Italy's President eschews snap elections to install a new centrist government.
Investors are taking Italy's referendum result in stride Monday, lifting shares across the board in the wake of Prime Minister Matteo Renzi's planned resignation.
U.S. stock futures point higher following a decisive win for the 'No' campaign in Italy's constitutional referendum Sunday and the pending resignation of Prime Minister Matteo Renzi.
UniCredit's sale of its Pioneer Asset Management unit could net Italy's biggest lender as much as $3.7 billion.
Market positioning ahead of Sunday's constitutional referendum suggests guarded optimism after weekly gains for Italian stocks.
Reports of the euro's death are highly exaggerated, again.
A likely 'No' victory will roil Italian bank stocks and deliver political uncertainty but much of the downside is already priced in and there could be bargains, analysts say.
Dilutive capital raising leaves Monte dei Paschi reeling while strong capital generation boosts UniCredit
The Italian lender dismisses talk of a merger with France's Societe Generale ahead of its key Dec. 13 investor day.
A Trump victory would be bad for U.S. markets but worse for Europe, said BNP analysts, as they speculated on how stocks will move depending on who wins.
Shares in the Siena-based bank have added almost 80% in the past week on expectations that a Monday board meeting will approve one of two rescue plans.