Tag: european banks

February 05, 2024 BY Simon Mugo

Unicredit Reports Upbeat 2023 Profits, Gives Similar Forecast for 2024

The announcement led to a 10% surge in the share price of Italy's second-largest bank, reaching a nine-year peak. It was fueled by its strong earnings performance and a positive outlook in a year when interest rates are anticipated to begin falling. While other major European banks adopted a more reserved stance in their full-year…

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July 07, 2016 BY Valentina Kirilova

Italian Banks in Crisis

What happened to the shares and riskiest securities of European banks after Britain’s disturbing vote to leave the European Union – they plunged. So far the crisis is felt mostly in Italy. Why did this happen to Italy? Italian banks are saddled with about $400 billion of bad loans and lack the financial reserves to…

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