Sources say PZU's chief executive, Michal Krupinski, is off to Milan this week to discuss a possible deal.
'If now, without NPLs, with a clear strategy, I think this bank could be a very good bank for the future.'
Key Italian financial services firms are under pressure and face the potential need to raise capital, leaving Italian government officials and its banking system trying to steer clear of a crisis.
European stock indexes finished sharply higher on Thursday, as investors speculated whether Britain would remain a member of the EU after the referendum.
Joseph Oughourlian, co–founder of Amber Capital, comments on the problems facing Italian banks, including UniCredit.
European equities ended higher on Tuesday, as sentiment was lifted by a handful of positive earnings and a sharp tick-up in commodity stocks and prices.
Declining earnings in the first quarter may not lead to falling stocks, according to market history.
European equities were higher with investors cheering a rally in oil prices and digesting the aggressive easing measures the ECB announced.
In this week's Trader Poll, tell us if you are buying banking stocks amid uncertainties surrounding the sector.
Banco Popolare and Banca Popolare di Milano are ready to announce a merger to create Italy's No. 3 bank if regulators give the green light.
Deutsche Bank plans to write down the value of Postbank by about a third, ahead of a planned sale of the retail unit, sources said.
Unicredit reports surprise fourth-quarter net profit in a tough three months which saw it cut 1,300 jobs and close 121 branches.
Australian and Japanese markets tumbled on Tuesday, as investors pulled cash from stocks in favor of safe havens.
2016 is proving a difficult year for European banks, as the industry grapples with nonperforming loans, rocky markets, increasing regulation and EM volatility.
Eurozone quantitative easing was launched to save the single currency bloc. But it may end up making it easier to break the eurozone apart, The Financial Times reports.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
German exports and industrial output rebounded in September, likely helping Europe's largest economy to avoid falling into recession.
Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds.
Europe's stock markets closed lower after a closely-watched German economic report came in weaker than expected.
The ECB gave more details of its asset purchase program on Thursday, but left markets uneasy by failing to give clear guidance on their size.