Banca Popolare di Milano (BPM) Credit Agricole joined Banco BPM in the spring and now owns 9.18% of Italy’s third largest bank. (Photo: Reuters) Paris/Rom The large French bank Credit Agricole is approaching the insurance business with the Italian Banco BPM. The deal involves the supply of property insurance products and related services through BBPM’s … Read more
Even at the start of the year, property prices in Sweden were at their all-time highs, but now they’ve plummeted 15% from those heights. Such a decline in the housing market in the largest Nordic economy can second Agent Bloomberg delve into the nascent economic downturn, with commercial real estate the biggest risk. Growth in … Read more
The financing of the Czech governing administration this 12 months ever more relies upon on cash from abroad. According to the newest data from the Ministry of Finance, overseas buyers held a document 733 billion crowns in Czech federal government bonds at the conclusion of July. Fund players purchased $ 125 billion really worth of … Read more
MILANO – Unicredit finds itself, in spite of itself, having to deal again with problems related to the investment in bitcoin and cryptocurrencies by customers. On December 30, 2021, just before New Year’s Eve, the tribunal of Banja Lukaa city located in the Serbian Republic of Bosnia and Herzegovina, has in fact accepted in the … Read more
chs. Rome ⋅ Italian bank Unicredit is withdrawing plans to take over Russian lender Otkritie. The bank announced this on Friday. The reason is the geopolitical tensions surrounding Ukraine and the associated threat of sanctions. “We have withdrawn from the data room,” Unicredit CEO Andrea Orcel told reporters and analysts on Friday, in reference to … Read more
Unicredit is apparently interested in a possible takeover of the Russian Otkritie Bank FC, which was rescued by a moratorium a few years ago. CEO Andrea Orcel wants to expand the Italian bank’s presence in Eastern Europe again, people familiar with the matter tell Bloomberg. Unicredit specialists will start with the due diligence of the … Read more
– – The BNB identified eight banks as systemically significant. – The BNB Governing Council has identified eight banks as systemically important institutions, the central bank said. These are UniCredit Bulbank, DSK Bank, First Investment Bank, United Bulgarian Bank, Postbank, Raiffeisenbank Bulgaria, the Bulgarian Development Bank and the Central Cooperative Bank. As important banks for … Read more
Perhaps as early as Thursday, the Czech National Bank will approve the reintroduction of credit limits on mortgage loans, which it canceled last spring due to a coronavirus pandemic. According to some economists, this would be a rescue brake at a time of rising inflation. At the same time, many people will have to forget … Read more
– – BBVA in Madrid The bank sold its US business a year ago. – (Photo: dpa) – – – – – — Madrid The Spanish bank BBVA achieved a profit boost in the summer quarter thanks to strong business in the important Mexican market. The financial group also had to make less provision for … Read more
Global shipping tensions peaked at the end of the holidays, when prices have risen the highest since 2010. At the same time, they continue to rise, literally from hour to hour. “Interest in goods from Asia is currently extreme, but there is little free capacity. There has been a large increase in the price of … Read more