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Stock Market & Financial Investment News

News Breaks
December 24, 2013
06:11 EDTUNCFFUniCredit to sell non-performing consumer and personal loans credit portfolio
UniCredit has reached an agreement with Cerberus European Investments in relation to the disposal on non-recourse basis of a non performing unsecured consumer and personal loans credit portfolio. The portfolio consists entirely of Italian loans with a gross book value of approximately EUR950M and with a coverage in excess of 90%. The sale is part of UniCredit's on-going activities to sell non-core assets and strengthen its credit profile. UniCredit anticipates that the transaction to be closed by February 28 and the impact will be reflected in 1Q14 balance sheet.
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April 22, 2014
08:16 EDTUNCFFKKR to team with Italian banks to package bad loans, FT says
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