Russian court seizes assets from UniCredit, Deutsche Bank and Commerzbank Banking A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.
Top British court orders Gazprom unit to drop £387m Russian claim against Italian bank UniCredit LEGAL The UK's highest court has upheld a decision that England has the right to block a Gazprom unit's Russian lawsuit against Italian bank UniCredit
Unicredit questions ECB’s order to cut operations in Russia Banking Italian bank Unicredit has filed a legal challenge questioning terms set by the European Central Bank for reducing its operations in Russia.
EU slaps £319m fine on UBS, Nomura and UniCredit for bond cartels May 20, 2021 European Union antitrust regulators charged UBS, UniCredit and Nomura with a fine of £319m for their connections with a European government bond trading cartel. The sizable fines are the most recent punishment of the financial industry for its alleged involvement in foreign exchange cartels, Euribor and Libor benchmark cartels, and bonds cartels. The European Commission [...]
UniCredit shareholders approve Andrea Orcel’s bumper pay packet April 15, 2021 UniCredit shareholders have approved the appointment of Andrea Orcel and a proposed bumper pay packet making him Italy’s highest-paid banker. Orcel is set to take over from French banker Jean Pierre Mustier who left in February after falling out with the board over its strategy. Today shareholders, accounting for around 60 per cent of the [...]
LVMH founder and former UniCredit boss launch European-focused SPAC February 15, 2021 Former UniCredit chief Jean Pierre Mustier and LVMH founder Bernard Arnault are the latest to join the SPAC boom, creating a new vehicle to invest in European financial firms. Blank-cheque vehicles have grown in popularity in the past year as IPO activity fell off a cliff at the start of the pandemic. They are created [...]
Western banks pay £684m in taxes to Vladimir Putin’s regime April 29, 2024 The largest western banks that still operate in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in a sign that foreign companies remaining in the country are helping Vladimir Putin weather international sanctions.
Santander launches £1.3bn share buyback under new payout scheme August 27, 2024 Santander has launched a share buyback for up to €1.5bn (£1.3bn) as the banking giant fulfills its promises to boost investor payouts.
Santander announces plans for £4.7bn shareholder distribution following record results February 19, 2024 Santander announced that it will seek to pay out £4.7bn to shareholders just weeks after the bank unveiled record annual profits in 2023.
Activist shareholder Caius Capital takes five per cent stake in embattled Metro Bank January 22, 2023 London-based activist shareholder Caius Capital has taken an £11m stake in embattled challenger bank Metro Bank. The investment brings Caius Capital’s stake to five per cent, making it one of Metro Bank’s ten largest investors. The stake from Caius Capital, an alternative investment manager focused on “distressed and special situations”, comes a month after Metro [...]