Tuesday, 12 December 2017

Gareth Gore' s stories

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  • A sign sits outside Arion Bank in Reykjavik, Iceland

    Iceland eyes bank sales as controls are lifted

    Top News | 17 March 2017

    Iceland has finally removed capital controls erected at the height of its crippling banking and economic crisis, in a move that marks the country’s financial rehabilitation and should facilitate easier access to global capital markets for domestic issuers.

  • Deutsche Postbank

    Postbank debacle forces Deutsche into capital raising

    Top News | 10 March 2017

    Deutsche Bank is to launch its fifth capital raising in a decade after failing to sell its retail Postbank business, with shareholders being asked to cough up another €8bn to help reintegrate the entity and plug a hole that the long-planned sale was supposed to fill.

  • Oil Permian

    Back from the dead: US shale is booming again

    Top News | 03 March 2017

    Saudi Arabia’s attempt to kill off the US shale oil industry looks to have badly backfired. More than two years after Riyadh and its OPEC allies ramped up production to push down the price of oil and drive shale producers out of business, it’s actually the cartel that is licking its wounds – and not the US upstarts.

  • Jean Pierre Mustier

    UniCredit's near perfect rights result

    Top News | 24 February 2017

    UniCredit has achieved overwhelming market support for its €13bn capital raise – the biggest from a bank since the depths of the crisis – with 99.8% of rights being taken up during the subscription period, an impressive result for the struggling Italian bank.

  • European Central Bank (ECB) headquarters

    Europe eyes clean-up of €1trn of bad loans

    Top News | 10 February 2017

    European authorities are pushing for a comprehensive clean-up of the €1trn of non-performing loans currently festering on banks’ balance sheets, and a proposal for an asset management company to buy up bad loans is currently gaining traction among officials.

  • A man looks at a Unicredit logo

    UniCredit: this time it's different

    Top News | 03 February 2017

    Jean Pierre Mustier wanted out. The Frenchman had been recruited three years earlier by UniCredit chief executiv

  • Week Ahead: UniCredit, Nigeria, Greece

    People & Markets | 03 February 2017

    This time it’s different UniCredit, which has spent the last decade in intensive care, launches its long-awaited €13bn rights issue today with the bank in critical condition. After a multi-billion-euro writedown at the end of last year, the Italian lender’s capital levels are now below the regulatory minimum. I

  • A man looks at a UniCredit logo

    UniCredit woos substitute investors

    Top News | 13 January 2017

    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

    Piraeus Bank eyes bond market return

    Top News | 13 January 2017

    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.

  • BMPS in last push to avoid bailout

    Top News | 16 December 2016

    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.