UK markets close in 1 hour 39 minutes
  • FTSE 100

    7,877.78
    +57.62 (+0.74%)
     
  • FTSE 250

    20,511.18
    -103.51 (-0.50%)
     
  • AIM

    885.57
    -3.19 (-0.36%)
     
  • GBP/EUR

    1.1171
    -0.0034 (-0.30%)
     
  • GBP/USD

    1.2132
    -0.0097 (-0.80%)
     
  • BTC-GBP

    19,401.22
    -298.22 (-1.51%)
     
  • CMC Crypto 200

    538.02
    +1.17 (+0.22%)
     
  • S&P 500

    4,148.03
    -31.73 (-0.76%)
     
  • DOW

    33,917.42
    -136.52 (-0.40%)
     
  • CRUDE OIL

    76.56
    +0.68 (+0.90%)
     
  • GOLD FUTURES

    1,898.90
    -31.90 (-1.65%)
     
  • NIKKEI 225

    27,509.46
    +107.41 (+0.39%)
     
  • HANG SENG

    21,660.47
    -297.89 (-1.36%)
     
  • DAX

    15,400.97
    -108.22 (-0.70%)
     
  • CAC 40

    7,170.30
    +4.03 (+0.06%)
     

Italy's UBI suspends dividend payments as requested by ECB

UBI Banca Popolare Commercio & Industria logo is seen in Milan

MILAN (Reuters) - Italy's fifth-largest bank UBI Banca <UBI.MI> said on Tuesday it would not pay out to shareholders 147.6 million euros (130.82 million pounds) in dividends as planned, and would boost its capital instead as requested by supervisors.

The bank reserved the right to call a new shareholder meeting over dividend payments after Oct. 1 , barring any extension past that date of the recommendation on banks' payouts issued last week by the European Central Bank.

(Reporting by Valentina Za, editing by Giulia Segreti)