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UniCredit SpA

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  • Generali doubles dividend as profits hit 6-year high Thursday, 13 Mar 2014 | 3:21 AM ET

    Chief executive of Italy's largest insurer, Mario Greco, says dividend boost should send a clear message of confidence to investors.

  • ECB review forces Italian banks to face up to reality Wednesday, 12 Mar 2014 | 12:04 PM ET

    *Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.

  • MILAN, March 12- Italy's one-year funding costs fell further at auction on Wednesday, marking a new euro lifetime low thanks to continued appetite for short-term debt from weaker euro zone issuers. Italy sold the planned 7 billion euros in bills maturing in March 2015 at an average 0.59 percent yield.

  • Wider market sentiment was still undermined by the crisis in Ukraine, where confrontation between Kiev and Moscow showed no sign of easing. The DAX had fallen 2.9 percent in the previous two sessions, dragged down by worries about Ukraine and by disappointing Chinese trade data.

  • FRANKFURT, March 11- The European Central Bank will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signalling a new, more aggressive era of banking supervision.

  • MILAN, March 11- UniCredit posted a record 14 billion-euro loss on Tuesday due to huge writedowns on bad loans and past acquisitions as it moved to clean up its balance sheet ahead of an industry-wide health check by European regulators.

  • FRANKFURT, March 11- The European Central Bank will press banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in coming months, signalling a new, more aggressive era of banking supervision in the bloc.

  • UniCredit to 'focus on growth' after shock loss Tuesday, 11 Mar 2014 | 12:38 PM ET

    The CEO of UniCredit has told CNBC the bank will focus on "growth and profitability" after reporting a record annual net loss of $19.4 billion.

  • Wider market sentiment was still undermined by the crisis in Ukraine, where confrontation between Kiev and Moscow showed no sign of easing. The DAX had fallen 2.9 percent in the previous two sessions, dragged down by worries about Ukraine and by disappointing Chinese trade data.

  • European stocks closed mixed on Tuesday as as the crisis in Ukraine curbed enthusiasm for riskier assets.

  • UniCredit seeks to boost capital as bad debts weigh Tuesday, 11 Mar 2014 | 4:18 AM ET

    UniCredit, Italy's largest bank by assets, is set to unveil plans to raise 2 billion euros ($2.8 billion) on the bond market.

  • Banks caught in storm as Ukraine tensions rise Monday, 3 Mar 2014 | 1:54 PM ET

    MOSCOW, March 3- Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia's military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe.

  • *Stock prices tumble after military intervention in Ukraine. NEW YORK, March 3- Russia's intervention in Ukraine sent crude oil and prices for gold and government debt higher on Monday as investors sought safe havens.

  • FACTBOX-Foreign banks in Ukraine Monday, 3 Mar 2014 | 8:21 AM ET

    March 3- Civil unrest in Ukraine has put pressure on its banks which could need liquidity and capital support due to falling deposits, a high level of non-performing loans and a depreciating currency.

  • LONDON, March 3- Fears of full-fledged Russia- Ukraine war reverberated across emerging markets on Monday, with the hardest hit taken by Moscow, where stocks fell 10 percent and the rouble's plunge to record lows led to a surprise interest rate hike.

  • *Foreign banks have pared back exposure in Ukraine. MOSCOW, Feb 27- Foreign banks have pared back their exposure in Ukraine in recent years and the unfolding crisis could force them to choose between cutting their losses or holding on to grab market share.

  • *Italy sells 9 bln euro of debt, including new 10- yr benchmark. LONDON/ MILAN, Feb 27- Italy's 10- year borrowing costs slid to their lowest in over 8 years at a hefty bond sale on Thursday, in a further endorsement by investors of the new government's ambitious reform plans.

  • MILAN, Feb 27- Italy's 10- year funding costs fell to their lowest since October 2005 at auction on Thursday as the reform drive of the new government of Prime Minister Matteo Renzi boosted positive investor sentiment towards weaker euro zone issuers.

  • Risk of a bank run heightens in Ukraine Wednesday, 26 Feb 2014 | 6:54 AM ET

    Fears of a bank run in Ukraine are rising, as central bank reserves sink and some 7 percent of bank deposits were lost in just 3 days.

  • UPDATE 1-Foreign companies in Turkey face squeeze Tuesday, 25 Feb 2014 | 9:29 AM ET

    LONDON/ VIENNA, Feb 25- Foreign companies in Turkey are beginning to feel the effects of a sagging currency, rising inflation and a growing political power struggle, adding to fears the country may not be the source of future growth that some companies had hoped.