|Day's range||2.830 - 2.874|
|52-week range||1.802 - 2.898|
|PE ratio (TTM)||15.33|
|Dividend & yield||0.20 (6.01%)|
|1y target est||N/A|
UniCredit has finalised an expected deal for Pimco and Fortress to buy ?17.7bn of the Italian bank's bad loans, a transaction key to shoring up investor confidence in the country's troubled banking sector. ...
A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on.
Finance Minister Pier Carlo Padoan on Thursday defended Italy's closure of two failed regional banks using public funds, saying the costs pale in comparison with the large sums that Germany and Britain pumped into their banks after the financial crisis. Writing in German weekly magazine Wirtschaftswoche, Padoan said the decision to wind down the two banks at a possible cost of up to 17 billion euros was a necessary intervention to save the economy of the Veneto region. German Finance Minister Wolfgang Schaeuble and Bundesbank president Jens Weidmann have both bemoaned Italy's decision, which was approved by the European Commission and involves the state rather than investors bearing most of the cost.