MILAN (Reuters) -Italian asset manager Banca Mediolanum will vote in favour of merchant bank Mediobanca’s bid for private bank Banca Generali on June 16, it said on Wednesday. Banca Mediolanum is one of the biggest shareholders in Mediobanca with a 3.5% stake. (Reporting by Gianluca Semeraro, editing by Alvise Armellini)
By Tommy Reggiori Wilkes LONDON (Reuters) -Shares in UBS dropped 7% on Tuesday as analysts voiced concern about the impact of new government proposals to force the Swiss lender to hold $26 billion in extra capital, including on the bank’s plans to return cash to shareholders. UBS’ stock had risen after the government on Friday …
UBS shares slide 7% after analysts say Swiss capital rules put buybacks at risk Read More »
By Elizabeth Howcroft PARIS (Reuters) -France’s Societe Generale said on Tuesday it plans to launch a publicly tradable, dollar-backed stablecoin through its digital asset subsidiary, making it the first major bank to enter the growing market of dollar-pegged cryptocurrencies. The new digital currency, named “USD CoinVertible”, will be issued on both the Ethereum and Solana …
Societe Generale becomes first major bank to launch dollar-pegged stablecoin Read More »
By David Milliken and Essi Lehto LONDON/HELSINKI (Reuters) -Banks operating in Britain should make more use of the Bank of England’s longer-term repurchase facilities, as central bank bond sales and other loan repayments drain liquidity, senior BoE official Vicky Saporta said on Wednesday. Alongside Saporta’s speech, the BoE announced changes taking effect next week to …
BoE’s Saporta says UK banks should borrow more from its repo facilities Read More »
FRANKFURT (Reuters) -Negotiated wage growth across the 20 nation euro zone is seen at 3.1% this year, including smoothed one-off payments, in line with figures projected a month earlier, the ECB’s monthly wage tracker showed on Wednesday. With unsmoothed one-off payments, the tracker pointed to 2.9% growth in 2025, the ECB said. The ECB has …
ECB’s wage tracker points to 3.1% growth this year Read More »
(Reuters) -Slovakia will not back the EU’s 18th package of sanctions against Russia unless the European Commission provides a solution to the situation the country faces if the bloc phases out Russian energy as planned, Prime Minister Robert Fico said. The Commission proposed on Tuesday a new round of sanctions against Russia for its invasion …
MILAN (Reuters) -The chances that UniCredit can see through its takeover bid for smaller peer Banco BPM are at best 20%, CEO Andrea Orcel said on Wednesday. Speaking at a financial conference organised by Goldman Sachs in Berlin, Orcel told investors the conditions Italy set to authorise takeover using ‘golden powers’ it has to protect …
UniCredit CEO says chances of pursuing Banco BPM deal no more than 20% Read More »
(Reuters) -British software firm Craneware said on Wednesday it has rejected a takeover proposal from U.S. private equity firm Bain Capital, stating that the 26.50 pounds-per-share proposal undervalued the company. Bain Capital’s proposal would have valued the British company at 939.4 million pounds ($1.27 billion) on Wednesday. Craneware’s shares were up marginally at 20.10 pounds …
UK’s Craneware rejects Bain Capital’s $1.3 billion takeover proposal Read More »
By Gilles Guillaume PARIS (Reuters) -Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters. Confronted with a cash crunch, tariff pressures, and a broad slowdown in EV demand, the …
LONDON (Reuters) -Capita, a British outsourcer that works with government, armed forces and companies, said it was using AI to cut recruitment from weeks to just hours, and it would roll out the service, developed with Salesforce Inc, this summer. “We hire about 10,000 people for multiple operations and multiple contracts every year because of …
Capita to roll out AI-powered recruitment this summer Read More »
