Mustier ruled out mergers and acquisitions, setting him at odds with the consolidation fever sweeping Italy's fragmented banking sector instead pushed for returning cash to shareholdersPiling pressure on Mustier, Intesa Sanpaolo overtook UniCredit as Italy's No. 1 bank by snapping up peer UBI
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1 min read28 Dec 2017The Thun Group has spun a web of convoluted logic to distance the industry from potential human rights liabilities arising out of corporate and project financing
4 min read24 Mar 2017UniCredit said that it incurred 13.2 billion in one-off expenses, which included a previously announced 8.1-billion write-off on bad loans plus other charges
1 min read9 Feb 2017Italy's Banca Monte dei Paschi di Siena SpA was the only one of 51 lenders tested by European regulators to have its capital wiped out in the exam's toughest scenario
4 min read31 Jul 2016The net loss widens from 553 million a year earlier and exceeds the 10.6 billion loss the bank reported in the third quarter of 2011
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3 min read26 Sep 2011The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared