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Greece is unlikely victor in bank selldown race

BREAKINGVIEWS-Greece is unlikely victor in bank selldown race The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 3 (Reuters Breakingviews) - In 2010, it was hard to imagine the day when Greece's banking sector would be fully privatised and thriving. That was the year the government founded the Hellenic Financial Stability Fund (HFSF) to prop up ailing lenders.
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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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Commerzbank fight is stress test for EU bank union

BREAKINGVIEWS-Commerzbank fight is stress test for EU bank union The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to add note to third graphic to specify that ‘banks’ are as classified by the Global Industry Classification Standard. By Peter Thal Larsen LONDON, Sept 27 (Reuters Breakingviews) - Commerzbank CBKG.DE has long been an also-ran in European banking.
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Andrea Orcel has scope to soften his Commerz raid

BREAKINGVIEWS-Andrea Orcel has scope to soften his Commerz raid The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix typo in first paragraph. By Liam Proud LONDON, Sept 23 (Reuters Breakingviews) - UniCredit CRDI.MI boss Andrea Orcel is no stranger to playing hardball. The former Merrill Lynch banker advised Royal Bank of Scotland on the hostile 2007 breakup of ABN Amro, for example.
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European banks rise as UniCredit's move on Commerzbank lifts M&A prospects to forefront

European banks rise as UniCredit's move on Commerzbank lifts M&A prospects to forefront By Gianluca Lo Nostro, Philippe LeroyBeaulieu Sept 12 (Reuters) - Shares in European banks continued their upward trend on Thursday, mostly driven by the read-across from UniCredit's CRDI.MI sweep to buy a 9% stake in Germany's Commerzbank CBKG.DE a day earlier.
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ABN rises after Dutch govt cuts stake, analysts flag rising M&A prospects in Europe

BUZZ-ABN rises after Dutch govt cuts stake, analysts flag rising M&A prospects in Europe ** Shares of ABN Amro Bank ABNd.AS rise 3% after the Dutch government cut its stake to 40.5% from 49.5% on Wednesday, and as analysts flag rising M&A prospects in Europe after UniCredit CRDI.MI swept up a stake in Commerzbank CBKG.DE ** "If M&A picks up in the EU banking sector, then the State may hold on to a controlling stake to make the decision of who gets to buy ABN," ING analyst Jason Kalamboussis says
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JPM sees UniCredit's move on Commerzbank as positive for other M&A target banks

BUZZ-JPM sees UniCredit's move on Commerzbank as positive for other M&A target banks ** J.P.Morgan says UniCredit's CRDI.MI move to acquire a 9% stake in Germany's Commerzbank CBKG.DE could trigger an M&A cycle in the European banking sector ** It sees a positive read-across for banks that are historically considered as targets, such as Commerzbank
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Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Sept 12 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ABN AMRO ABNd.AS Dutch government said it completed the sale of part of its ABN AMRO shares. AKZO NOBEL AKZO.AS Issued 500 million euros ten-year maturity bond.
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Dutch government cuts stake in ABN Amro to 40.5%

Dutch government cuts stake in ABN Amro to 40.5% AMSTERDAM, Sept 11 (Reuters) - The Dutch government's latest sale of ABN Amro shares has reduced its stake in the bank to 40.5% from 49.5%, Finance minister Eelco Heinen said in a letter to parliament on Wednesday. WHY IT'S IMPORTANT The sale is part of the government's plan to cut its stake in ABN Amro, one of three dominant banks in the Netherlands, in a move towards liberalising the Dutch banking sector and reducing state intervention.
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ECB policymakers at odds over downturn's impact, sources say

ECB policymakers at odds over downturn's impact, sources say By Balazs Koranyi FRANKFURT, Sept 2 (Reuters) - European Central Bank policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources close to the debate said.
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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Dutch lender Volksbank faces second fine from Dutch central bank

Dutch lender Volksbank faces second fine from Dutch central bank AMSTERDAM, Aug 9 (Reuters) - De Volksbank is facing a fine from the Dutch central bank (DNB) over alleged shortcomings in risk management, the state-owned lender said on Friday. The bank, which incorporates several smaller Dutch banks such as SNS and ASN that were nationalised in the wake of the 2008-2009 financial crisis, disclosed the findings along with its first-half results.
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Barclays, Ibstock, London Stock Exchange

EUROPE RESEARCH ROUNDUP-Barclays, Ibstock, London Stock Exchange Aug 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays, Ibstock and London Stock Exchange, on Thursday. HIGHLIGHTS * Barclays BARC.L : HSBC raises target price to 310p from 290p * Ibstock IBST.L : Berenberg raises target price to 200p from 150p * London Stock Exchange LSEG.L : HSBC raises target price to 9,400p from 8,800p * Persimmon PSN.L : JP Morgan raises
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KBC upbeat on interest income as loan demand picks up

UPDATE 3-KBC upbeat on interest income as loan demand picks up Sees 2024 NII of 5.5 bln euros vs 5.3-5.5 bln before Forecasts 4% growth in loan volume in 2024 Q2 net profit 925 mln euros vs forecast 864 mln Adds CEO quote, detail on geographical markets, shares By Matteo Allievi and Leo Marchandon Aug 8 (Reuters) - Belgian bank KBC KBC.BR on Thursday raised its 2024 growth forecasts for lending and net interest income (NII) after they drove stronger than expected second-quarter profits.
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ABN Amro cautious on NII growth into 2025 amid expected rates decrease

ABN Amro cautious on NII growth into 2025 amid expected rates decrease Aug 7 (Reuters) - Dutch lender ABN Amro ABNd.AS said on Wednesday it does not see a significant positive trend in net interest income into 2025 compared to 2024 amid an expected gradual normalisation of deposit margin as interest rates are likely to decrease. "The question is how fast this margin normalization will be, but we do not expect NII into 2025 to increase at the same rate as we have seen this year," CFO Ferdinand Va
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Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps

UPDATE 2-Europe's STOXX 600 jumps 1% on banks-led recovery; Novo Nordisk slumps For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Novo Nordisk logs steepest decline since Aug 2022 Puma slumps after narrowing FY profit outlook Continental up after Q2 results beat Just Eat Takeaway top STOXX 600 gainer after rating upgrade Roche considering divesting $1.9 bln cancer data startup- FT STOXX 600 up 1.5% Updated at 1550 GMT By Ankika Biswas and
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