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Italy's MPS nears finish line on securing banks' support for stock sale

Italian taxpayers will provide up to 1.6 billion euros, while the rest must come from private investors in order to meet European Union state aid rules. The eight banks due to underwrite the MPS issue are willing to backstop only a third of the 900 million euro private portion of the capital raising, one of the sources said. ....

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UniCredit names Marion Hoellinger CEO at HVB

Italy s UniCredit said on Thursday it had named Marion Hoellinger as chief executive of its German arm HVB to replace Michael Diederich who is taking on top roles at Bayern Munich.. | September 29, 2022 ....

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