|Day Low/High||15.62 / 15.73|
|52 Wk Low/High||9.67 / 21.10|
European rating agency Scope has improved its outlook on Italian banks, which have worked to reduce the bad loans on their books.
France's largest asset manager is buying Pioneer for $3.8 billion
Round-up of the financial news from around the world
UniCredit traded firmly higher Friday after it said that investors have taken up the bulk of its record capital raise on the first day of its offering yesterday in Milan.
The rights issue launched on Thursday and was 99.8% subscribed by the close of business.
Unilever's strategic review, solid results from Lloyds and ThyssenKrupp's asset sale boosted markets
Bank stocks led the charge across Europe after hawkish Janet Yellen comments.
UniCredit reported a larger-than-expected loss for the fourth-quarter Wednesday as restructuring charges and writedowns bit deeply into its bottom line.
European stocks fell Monday, led by a steep decline for Italian banks, as investors prepare for a busy week of corporate earnings.
These are the five European earnings reports to keep on your radar screen next week.
The Italian lender Intesa has said that it is merely carrying out a case study of a possible merger with insurer Generali.
UniCredit shares fell Thursday amid mixed trading for European banks, after steeply discounting the price of shares it will sell to investors as part of its capital raising.
The ECB's supervisory arm said bad loans on the balance sheet of Italy's banks totaled $305 billion in the three months ending in September, a modest decline.
UniCredit rebounded Tuesday even as Italy's largest lender added €1 billion to its expected full-year writedown and attempted to assure investors over its €13 billion cash call.
Benchmarks were hit by political and inflation concerns.
Italy's benchmark borrowing costs spiked to a two-year high and stocks fell to a five-week low Monday on concerns about faster eurozone inflation and snap elections in Europe's third-largest economy.
UniCredit shares fell sharply Monday after Italy's biggest bank said it would take a bigger-than-expected hit to its fourth-quarter earnings linked to bad loans on its balance sheet.
Germany's DAX led the pack on Wednesday, with the CAC 40 and FTSE 100 in tow.
Italy's largest insurer has political winds in its sails -- but will it be enough to see off its suitors?
The Italian insurer is reportedly the target of Intesa Sanpaolo and Allianz.
The Italian lender must tie up the sale of Pioneer and get its rights issue done inside the first quarter to ensure bondholders get paid.
Corporate insolvencies can last more than two decades in Europe's third-largest economy, which is weighed down with $375 billion in bad debts.
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.