sections

Tuesday, 17 October 2017

Gareth Gore' s stories

Sort by: Newest firstOldest firstA-ZZ-A

  • Monte Dei Paschi

    Monte dei Paschi gets €5.4bn bailout

    Top News | 07 July 2017

    Banca Monte dei Paschi di Siena can hold on to its mantle as the world’s oldest bank for a little longer after the Italian government stepped in to rescue the struggling Tuscan lender via a deal that will cost the taxpayer €5.4bn.

  • Monte Dei Paschi

    Monte dei Paschi rescue deal gets green light

    Ticker | 05 July 2017

    Italy will inject €5.4bn into Banca Monte dei Paschi di Siena as part of a wholescale restructuring of the struggling Tuscan lender that will also see the bank shed €26bn of bad loans, following approval from the European Commission.

  • Monte dei Paschi bank headquaters

    MPS rescue helped by rivals' collapse

    Top News | 30 June 2017

    Banca Monte dei Paschi di Siena expects to close the sale of €26bn of

  • The entrance of Monte dei Paschi

    Monte dei Paschi deal boosted by Vicenza, Veneto collapse

    Ticker | 29 June 2017

    Banca Monte dei Paschi di Siena expects to close the sale of €26bn of bad loans within days following a last-ditch bid from Italy’s industry-backed rescue fund to revive a deal that looked to have collapsed.

  • British and EU flags

    UK deals pick up as companies tire of waiting

    Top News | 23 June 2017

    One year after the shock vote to exit the European Union forced many to ditch or delay planned transactions, UK companies are tentatively returning to dealmaking, as many conclude they can’t afford to wait any longer.

  • Eurozone banks reduce sovereign holdings

    Banks close €2trn carry trade as rate rises loom

    Top News | 16 June 2017

    Once viewed as a lucrative and risk-free carry trade, the €2trn of government bonds held by Europe’s banks is fast becoming a source of worry, with some choosing to unwind their positions before interest rate hikes leave them with potentially large losses.

  • Italy's largest bank UniCredit is pictured in downtown Milan

    UniCredit overhaul pays dividends on AT1s

    Top News | 19 May 2017

    UniCredit has taken another step on its long road to rehabilitation, pricing its first public Additional Tier 1 trade in almost three years, in a signal that capital concerns have been laid to rest after a top-to-bottom overhaul of the struggling Italian bank.

  • Banco Popular headquarters

    Popular steps up battle to raise capital

    Top News | 12 May 2017

    Banco Popular has fired the opening salvo in what is expected to be a long and difficult battle to raise billions of euros in fresh capital, putting its US and credit card businesses up for sale while work continues on a much broader recapitalisation plan.

  • Saudi Arabian flag

    Saudi tempts in foreign money ahead of IPO rush

    Top News | 05 May 2017

    Saudi Arabia is overhauling its equity market infrastructure to tempt in foreign money and boost liquidity ahead of a vast privatisation programme that is set to raise hundreds of billions of dollars for the cash-strapped oil giant.

  • British PM Theresa May is welcomed by European Commission President Jean-Claude Juncker at the EC headquarter

    UK 'default' unlikely under no-deal Brexit

    Top News | 05 May 2017

    The United Kingdom would probably escape the ignominy of being labelled as in default even if it were to walk away from its membership of the European Union without paying the “exit bill” being demanded by the bloc.