Awaiting Commerzbank, Italy’s UniCredit bids for Italian rival
Milan (Italy) (AFP) - With its plans for Germany's Commerzbank seemingly stalled, UniCredit, Italy's second-largest lender, launched Monday a bid ...
Wednesday, June 18, 2025
Tag: banking
Disgraced Singapore oil tycoon to be sentenced for fraud
Singapore (AFP) - The founder of a failed Singapore oil trading company will be sentenced Monday for cheating banking giant ...
Australia moves to keep its banks in the Pacific
Sydney (AFP) - Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top ...
Climate change poses multiple risks for banks
Paris (AFP) - Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their ...
Ex-banker and Scholz ally: Germany’s new finance minister
Berlin (AFP) - Joerg Kukies, Germany's new finance minister, is a former investment banker who has long been one of ...
UniCredit says needs a year to decide Commerzbank deal
Milan (Italy) (AFP) - The chief executive of Italy's UniCredit bank said Wednesday there would be no decision on a ...
UBS smashes forecasts with $1.4 bn net profit
Zurich (AFP) - Swiss banking giant UBS said Wednesday it earned a net profit of $1. 4 billion in the ...
Santander defies interest rate cuts to post higher profit
Madrid (AFP) - Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in ...
HSBC reports $8.5 billion pre-tax profit in third quarter
Hong Kong (AFP) - Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, ...
AI and digitalisation to eliminate 9,000 jobs at Intesa Sanpaolo
Milan (Italy) (AFP) - Italy's leading bank, Intesa Sanpaolo, has reached a deal with trade unions for 9,000 voluntary job ...
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