Italy is getting ready for a referendum that could overhaul the country’s constitution, and the stakes are high.
The Brexit vote stunned markets in June, and Donald Trump shocked investors in November. The Italians may be next.
Italian banking stocks came under renewed pressure on Friday on growing jitters before the referendum on a constitutional reform.
Financial stocks were top performers for a third day Tuesday, as traders continue to bid up the group on expectations the Fed will raise interest rates this year.
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.