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Russia, an embarrassing source of profit for major international banks
04 May 2024 15:33 GMT
… banks cited in the KSE study are American heavyweights Citibank and Italian UniCredit … can pursue commercial transactions with banks in Russia without necessarily providing … retail banking services to Russian army soldiers …
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LVMH-Backed L Catterton Taps Barclays, UniCredit for Kiko Deal
03 May 2024 18:36 GMT
(Bloomberg) -- Banks including Barclays Plc and UniCredit SpA are lining … a majority stake in Italian beauty brand Kiko, according … a bond, include Deutsche Bank AG and Intesa Sanpaolo … and UniCredit declined to comment. Spokespeople for Deutsche Bank, Intesa …
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Western banks have no excuse for funding Putin’s war machine
03 May 2024 09:59 GMT
… seven European banks by assets – Raiffeisen, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo … least pared back their presence. Italy’s Intesa is the closest … .
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Browder has suggested European banks could stick their Russian operations …
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EU bank holdouts are playing with fire in Russia
01 May 2024 10:52 GMT
Two years after the invasion of Ukraine, lenders Raiffeisen and UniCredit still have sizable businesses based in Moscow. Fearing lack of scrutiny in a sanctions-hit nation, the ECB is ratcheting up pressure to leave. A costly exit looks suddenly preferable …
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US authorizes Russian bank transactions for energy payments amid sanctions
30 Apr 2024 19:05 GMT
… , Sovcombank, Rosbank, VEB.RF, Bank Zenit, and Bank Saint Petersburg.
The license … Russian assets – Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo, and …
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HSBC boss to quit after just five years: Quinn eyes 'rest and relaxation'
30 Apr 2024 22:29 GMT
… underperforming divisions, including retail banking in the US and France … he started leading the bank – initially on an interim … the wealth and personal banking division – is another potential … , 63, former boss of Italy’s Unicredit, and Simon Cooper, 56, …
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Intesa targets new digital-only clients after antritrust blow
03 May 2024 14:55 GMT
MILAN: Italy';s biggest bank Intesa Sanpaolo on … , supplied the core banking technology Intesa used for Isybank … Italia following a 2020 accord with Intesa.
European banking supervisors have urged banks … a comparison, rival UniCredit, which a decade ago outsourced …
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Mastercard Incorporated (NYSE:MA) Q1 2024 Earnings Call Transcript
02 May 2024 16:43 GMT
… with First Abu Dhabi Bank, the largest bank in the UAE. The … other countries, G7 economies like Italy, you have 45% cash, so … conversion. If you think about UniCredit, 13 markets across the continent … into win-win partnerships. UniCredit in the end decided to …
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Europe's Double Standards: Western companies continue to earn and pay taxes in Russia – Alona Lebedieva
02 May 2024 12:31 GMT
… Western press, the largest European banks, which continue to work in … seven largest Western banks: Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank, Intesa Sanpaolo …
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ING Unveils €2.5 Billion Buyback as Profit Beats Estimates
02 May 2024 08:54 GMT
… estimates.
The Netherlands’ biggest bank will repurchase stock worth as … largest payouts in the European banking industry, having returned € … than the previous one. Unicredit SpA said it will distribute … in wealth management. The bank attributed the higher fee …