Gareth Gore is an associate editor at IFR, where he heads the global people and markets coverage. Since joining the magazine in 2009, he has written extensively on the eurozone crisis, sovereign debt, banking regulation and the international capital markets. He previously worked as a Madrid-based correspondent for Bloomberg, and has also worked for Risk magazine.
- +44 (0) 20 7542 4279
UniCredit is courting new investors to support its €13bn rights issue amid concerns that not all of its current shareholders will be willing – or able – to take up their rights in a transaction that is vital to turning around Italy’s biggest bank.
Piraeus Bank is putting together plans to print the first bond issue from a Greek lender since mid-2014, in the latest sign that funding for the sector is slowly returning to normal after three years of capital controls and emergency assistance.
Banca Monte dei Paschi di Siena is to make one last-ditch effort to convince investors to hand over €5bn before a deadline to bolster its capital buffers expires at the end of the year.