Mediobanca Banca di Credito Finanziario S.p.A. (ME9.F)
- Bloomberg
Italian Specialist Lender BFF Tumbles After Central Bank Probe
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- Reuters
Mediobanca CEO calls for changes to Italy's capital markets bill
Mediobanca's CEO on Friday urged the Italian government to make changes to its capital markets legislation, because plans to give investors more power over the way a company's outgoing board presents candidates for the next term are unworkable. The bill includes several measures to attract companies to the Milan stock exchange, which has lost a string of prominent companies to other markets and to buyouts. But representatives of investment funds and Italy's financial industry have all voiced concerns that measures boosting the influence of leading shareholders in listed companies could backfire and discourage foreign investment.
- Reuters
Mediobanca profit tops forecast as wealth management shift advances
MILAN (Reuters) -Italy's Mediobanca posted a better-than-expected first-half net profit on Friday, as higher interest rates boosted income from lending and a renewed focus on wealth management paid off. The bank, with a financial year running from July to June, is "fully on track" to meet targets set out in the strategy to 2026 it presented in May, Chief Executive Alberto Nagel told a press briefing. "These results are not only improving, they represent the new vision of the group .... Our growth has been solid and very effective in terms of capital generation and absorption," he said.
