A large U.S. investment bank is considering building up a 10% stake in Italy's Banca Popolare di Sondrio, Il Sole 24 Ore newspaper reported on Thursday, without citing sources or naming the investor. The move would also pave the way for the entry of UniCredit in the group's shareholding, the newspaper said, without giving further details and adding that UniCredit declined to comment. Banca Popolare di Sondrio declined to comment on the report.
On Thursday, Piazza Affari opened in a slightly bullish trend, with investors awaiting further comments from economic and political leaders at the World Economic Forum in Davos, Switzerland. .
UniCredit s Orcel Certain of Hitting Targets Amid Global Turmoil bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
European markets are expected to be in the green on Tuesday, according to IG futures, following the bullish close of U.S. stock markets. The FTSE Mib, therefore, is expected to be up 70 points or.
On Monday, Piazza Affari closed in a bullish trend, setting the point bar in the 30,500 area, with trading rooms awaiting the release of economic data such as that on U.S. inflation, which should.