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Banca Popolare di Milano Scarl

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  • *Italy govt has approved reform of "popolari" banks. MILAN, Feb 26- Italy's government is under pressure from banks and their allies in parliament to water down a landmark reform of large cooperative banks, which the lenders fear will make them prey to foreign rivals and speculative investors. Affected banks include UBI Banca, Banco Popolare and Banca Popolare di...

  • Greek deal optimism pushes European shares to 7-year high Wednesday, 18 Feb 2015 | 4:00 AM ET

    *Greek shares lead gains as Athens seen asking for loan extension. LONDON, Feb 18- Greek stocks helped push a key pan-European share index to a seven-year high on Wednesday on fresh optimism that Athens would reach an agreement with its international lenders. Shares in Italy and Spain, heavily indebted countries that are seen as coming under market pressure if...

  • LONDON/ PARIS, Jan 19- European shares hit a seven-year high on Monday as Italian banks rallied, boosted by the prospect of a significant corporate governance revamp, and Swiss shares clawed back some of last week's sharp losses. Broader market sentiment has been supported by expectations the European Central Bank will unveil plans to buy sovereign bonds at the...

  • *Monte Paschi hires UBS, Citi to review options, including merger. MILAN/ ROME, Oct 26-- Italy's Monte dei Paschi di Siena faces a 2.1 billion euro funding shortfall that could force it to seek a merger, after a European banking review revealed serious weak points in the Italian financial system. The historic Tuscan lender, which was founded in 1472 and carried out a 5-...

  • MILAN, Oct 26-- Italy's Monte dei Paschi di Siena is the bank with the biggest capital shortfall among euro zone lenders after a health check aimed at testing the resilience of the bloc's banking sector. The Tuscan-based bank, Italy's third-largest and the world's oldest, still needs to raise 2.1 billion euros even after tapping the market for five billion euros...

  • *One named bank- Austria's Erste- denies report. MADRID/ VIENNA, Oct 22- The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria's Erste Group rejected the report from Spanish...

  • MADRID/ VIENNA, Oct 22- Austria's Erste Bank rejected a report that it was one of at least 11 banks that had failed the European Central Bank's landmark health check, while other banks named by Spanish newswire Efe did not comment. Efe said Erste, along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had failed the ECB review based on preliminary data, but...

  • Earnings freight train may be derailed by revenue Tuesday, 8 Jul 2014 | 10:12 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Although hopes are high as the second quarter earnings roll out, revenue growth looms as a potential problem.

  • Europe shares close down with Syria again in focus Wednesday, 28 Aug 2013 | 9:56 AM ET

    European shares closed lower on Wednesday, as riskier assets were shunned by investors on concerns about a possible military strike on Syria.

  • European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.

  • Europe Shares Close Higher on Global Market Optimism Thursday, 14 Mar 2013 | 12:58 PM ET

    European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.

  • Bank of Italy: No Dividends From Loss-Making Banks Thursday, 14 Mar 2013 | 10:13 AM ET
    Banca D'Italia

    The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.

  • European Shares Propped Up by Solid US Data Friday, 1 Feb 2013 | 12:22 PM ET

    European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.

  • Europe Shares Close Higher, Italy Bucks the Trend Monday, 10 Dec 2012 | 12:59 AM ET

    European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.