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Orcel, the dealmaker determined to redraw Europe's banking map

RPT-NEWSMAKER-Orcel, the dealmaker determined to redraw Europe's banking map Repeats Friday's story with no changes to the text Veteran dealmaker Orcel has ambitions for cross-border tie-up Commerzbank's incoming CEO, workers oppose deal with UniCredit Orcel has driven sharp rise in profits, shares at UniCredit Orcel "disciplined" and could still walk away, he says By Valentina Za and Stefania Spezzati MILAN/LONDON, Sept 27 (Reuters) - Upon taking the top job at Italian bank UniCredit CRDI.MI in
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Orcel, the dealmaker determined to redraw Europe's banking map

NEWSMAKER-Orcel, the dealmaker determined to redraw Europe's banking map Veteran dealmaker Orcel has ambitions for cross-border tie-up Commerzbank's incoming CEO, workers oppose deal with UniCredit Orcel has driven sharp rise in profits, shares at UniCredit Orcel "disciplined" and could still walk away, he says Adds bullet points By Valentina Za and Stefania Spezzati MILAN/LONDON, Sept 27 (Reuters) - Upon taking the top job at Italian bank UniCredit CRDI.MI in 2021, Andrea Orcel, a veteran M&A a
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Orcel, the dealmaker determined to redraw Europe's banking map

NEWSMAKER-Orcel, the dealmaker determined to redraw Europe's banking map By Valentina Za and Stefania Spezzati MILAN/LONDON, Sept 27 (Reuters) - Upon taking the top job at Italian bank UniCredit CRDI.MI in 2021, Andrea Orcel, a veteran M&A adviser, vowed not to repeat the mistake he saw many CEOs make: cave in to pressure to do deals. The chance to pursue a rare cross-border European banking marriage, a combination deemed near-impossible by friends and foes alike, was the moment to go all in.
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UniCredit CEO ready to walk away if conditions for Commerzbank deal not right

UPDATE 2-UniCredit CEO ready to walk away if conditions for Commerzbank deal not right Commerzbank investment could return more than 15% UniCredit could just sell stake, has capped downside HVB offers blueprint to improve Commerzbank returns Recasts with further comments from UniCredit CEO By Valentina Za MILAN, Sept 25 (Reuters) - Italy's UniCredit CRDI.MI will only pursue a deal with Commerzbank CBKG.DE if it has support from all stakeholders and conditions are right, its CEO Andrea Orcel said
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Italy targets savers in planned $2.6 bln Poste share sale, decree shows

UPDATE 1-Italy targets savers in planned $2.6 bln Poste share sale, decree shows Poste sale is worth more than 2 billion euros Italy working on public offering to sell shares Opposition parties, trade unions oppose sale Adds details on advisers in paragraph 7 By Giuseppe Fonte ROME, Sept 24 (Reuters) - Italy will target domestic savers in its planned public offering of around 14% of Poste Italiane PST.MI , a government decree seen by Reuters showed on Tuesday.
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Italy targets savers in planned $2.6 bln Poste share sale, decree shows

Italy targets savers in planned $2.6 bln Poste share sale, decree shows Poste sale is worth more than 2 billion euros Italy working on public offering to sell shares Opposition parties, trade unions oppose sale By Giuseppe Fonte ROME, Sept 24 (Reuters) - Italy will target domestic savers in its planned public offering of around 14% of Poste Italiane PST.MI , a government decree seen by Reuters showed on Tuesday.
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UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet

CORRECTED-ANALYSIS-UniCredit's Orcel takes aim at Europe's banking borders with Commerzbank bet Removes reference to hedge fund in paragraph 28 UniCredit's Commerzbank move sparks opposition, defence Orcel faces political resistance from within Germany ECB approval needed to buy up to 30% of Commerzbank By John O'Donnell FRANKFURT, Sept 19 (Reuters) - For decades, Andrea Orcel was the 'rainmaker' who CEOs turned to for advice on the big deals that reshaped the banking landscape.
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Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy

RPT-UPDATE 2-Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy Repeats Wednesday story with no changes to text By Giuseppe Fonte ROME, Sept 18 (Reuters) - Italy's government sees favourably UniCredit's CRFDI.MI efforts to build a large European banking group through a merger with Germany's Commerzbank CBKG.DE as long as the Milanese bank keeps its central functions in Italy, sources close to the matter said.
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Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy

UPDATE 2-Italy in favour of UniCredit-Commerzbank deal as long as HQ stays in Italy Adds details from sources, background By Giuseppe Fonte ROME, Sept 18 (Reuters) - Italy's government sees favourably UniCredit's CRFDI.MI efforts to build a large European banking group through a merger with Germany's Commerzbank CBKG.DE as long as the Milanese bank keeps its central functions in Italy, sources close to the matter said.
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Updates with Italian government position in paragraph 23 By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said,
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Adds graphic By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a takeover.
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Commerzbank readies talks with UniCredit but remains defensive

EXCLUSIVE-Commerzbank readies talks with UniCredit but remains defensive UniCredit snapped up stake, eyes takeover Commerzbank's CFO set to lead talks German lender opposes tie-up Adds detail, background By John O'Donnell and Tom Sims FRANKFURT, Sept 18 (Reuters) - Commerzbank CBKG.DE is poised to put CFO Bettina Orlopp in charge of talks with UniCredit CRDI.MI when the German bank's supervisory board meets next week, two people with knowledge of the matter said, as the Italian rival eyes a take
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Unipol sees BPER, Pop Sondrio merger as "mistake", no plans to raise stakes

Unipol sees BPER, Pop Sondrio merger as "mistake", no plans to raise stakes BARCELONA, Sept 17 (Reuters) - Unipol UNPI.MI , the main shareholder in banks BPER EMII.MI and Popolare di Sondrio BPSI.MI , has no plans to raise its holding in either bank and would consider a merger between the two "a mistake", Chairman Carlo Cimbri said. Speaking to reporters on the sidelines of the Louis Vuitton Cup in Barcelona, Cimbri opened up to the idea of buying a limited stake in Monte dei Paschi BMPS.MI if t
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Unipol would only consider MPS stake as part of insurance deal, chairman says

Unipol would only consider MPS stake as part of insurance deal, chairman says Italy looking to sell down MPS stake, find partner Unipol interested in insurance partnership Unipol might take up to 9.9% stake as part of partnership By Andrea Mandala BARCELONA, Sept 17 (Reuters) - Insurer Unipol UNPI.MI could consider becoming an investor in Monte dei Paschi BMPS.MI , as Italy sells down its stake in the bank, but only as part of an insurance partnership, Unipol Chairman Carlo Cimbri said.
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Italy - Factors to watch on September 12

Italy - Factors to watch on September 12 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS China's top trade official will arrive in Italy next week for talks, an Italian government source said on Wednesday, as Beijing seeks to persuade European Union members to reject proposed EU tariffs o
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Italy's Generali, banks fall as Unicredit's Orcel looks away

BUZZ-Italy's Generali, banks fall as Unicredit's Orcel looks away ** Italian banks Mediobanca MDBI.MI and Banco BPM BAMI.MI , and insurer Generali GASI.MI are all down after Unicredit bought on Wednesday a 9% stake in Commerzbank , Germany's second largest lender ** Stocks are down as the Commerzbank acquisition reduces the potential for an M&A deal in the Italian banking sector, a Milan-based trader says ** Italy's second-largest bank has been linked to a number of deals, both in Italy and Eu
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Fed rate cuts set to push gold to new highs - ING

LIVE MARKETS-Fed rate cuts set to push gold to new highs - ING STOXX 600 up 0.6% Banks, travel & leisure lead bounce Downgrade hits Burberry Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FED RATE CUTS SET TO PUSH GOLD TO NEW HIGHS - ING Analysts at ING have upped their forecast for gold, believing Fed rate cuts will bring fresh impetus to prices that trad
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Falling policy rates?  Not a trigger to sell the banks!

LIVE MARKETS-Falling policy rates?  Not a trigger to sell the banks! STOXX 600 up 0.6% Tech, travel & leisure lead bounce Downgrade hits Burberry Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com FALLING POLICY RATES?
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Italy - Factors to watch on September 9

Italy - Factors to watch on September 9 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italian Prime Minister Giorgia Meloni said on Saturday her government has not been weakened by a controversy over a consultancy role offered to the former lover of a minister who resigned after a tearful
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Why this US jobs report is especially key

LIVE MARKETS-Why this US jobs report is especially key Dow, S&P 500 down slightly; Nasdaq flat Utilities biggest S&P 500 sector gainer; energy leads decliners STOXX 600 down ~1% Dollar, oil prices down; gold up; bitcoin flat U.S. 10-yr Treasury yield down ~3.78% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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