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Unicredit's Weak Share Offering a Poor Omen in Europe
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The lack of demand for Italian bank Unicredit's rights offering. The European Banking Authority is requiring European banks to increase their core Tier 1 capital ratios to 9%, to improve the cushion against a financial crisis. Unicredit will have to raise its reserves by $10 billion. Unicredit's shares have fallen sharply in January, with a decline of over 40%. Spain's Santander which has operations in Latin America was able to raise the $19 billion it needed for the higher capital reserves. Santander converted $6.8 billion euros in bonds into shares, retained profits and sold a stake in its Brazilian operations. The risk is that Unicredit and other European banks might cut lending to meet the new capital standards, leading to credit tightening and reducing economic growth further, says Carl Weinberg, chief economist of High Frequency Economics.
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With $21 Billion Loss, Italian Bank Signals Wider Vulnerabilities
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Unicredit's Weak Share Offering a Poor Omen in Europe
New York Times 01/10/2012
UniCredit Posts Massive Net Loss on Loan, Acquisition Write-downs
Wall Street Journal 03/12/2014
With $21 Billion Loss, Italian Bank Signals Wider Vulnerabilities
New York Times 03/11/2014
UniCredit Says Bank Austria Dispute Could Result in More Payouts
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Italy’s Two Biggest Banks Post Strong Profit Growth
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Grouped Articles
UniCredit Looks to Central, Eastern Europe
Wall Street Journal 09/06/2010
Unicredit's Weak Share Offering a Poor Omen in Europe
New York Times 01/10/2012
UniCredit Posts Massive Net Loss on Loan, Acquisition Write-downs
Wall Street Journal 03/12/2014
With $21 Billion Loss, Italian Bank Signals Wider Vulnerabilities
New York Times 03/11/2014
UniCredit Says Bank Austria Dispute Could Result in More Payouts
Wall Street Journal 08/12/2014
Italy’s Two Biggest Banks Post Strong Profit Growth
Wall Street Journal 11/12/2014
Unicredit performance
01/10/2012
Grouped Articles
Unicredit's Weak Share Offering a Poor Omen in Europe
New York Times 01/10/2012
UniCredit Posts Massive Net Loss on Loan, Acquisition Write-downs
Wall Street Journal 03/12/2014
With $21 Billion Loss, Italian Bank Signals Wider Vulnerabilities
New York Times 03/11/2014
UniCredit Says Bank Austria Dispute Could Result in More Payouts
Wall Street Journal 08/12/2014
Italy’s Two Biggest Banks Post Strong Profit Growth
Wall Street Journal 11/12/2014
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Grouped Articles
Unicredit's Weak Share Offering a Poor Omen in Europe
New York Times 01/10/2012
UniCredit Posts Massive Net Loss on Loan, Acquisition Write-downs
Wall Street Journal 03/12/2014
With $21 Billion Loss, Italian Bank Signals Wider Vulnerabilities
New York Times 03/11/2014
UniCredit Says Bank Austria Dispute Could Result in More Payouts
Wall Street Journal 08/12/2014
Italy’s Two Biggest Banks Post Strong Profit Growth
Wall Street Journal 11/12/2014
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