Trading halted bank UniCredit

Trading halted bank UniCredit

World November 15, 2016 13:42

- Trading in the major Italian bank UniCredit was halted Tuesday afternoon. The stock lost more than 5% after rumors of a billion injection to save the bank.

This was reported Bloomberg. UniCredit has long lobbied. Since the weekend La Repubica reported that the bank definitely needed $ 14 billion in aid. \u0026 Nbsp;

Exane investment bank reported Tuesday that the Italian powerhouse with € 7 billion in aid could make. The investment bank reacts to the much higher estimates since the weekend and called the poor to support.

Exane calculates that interest may cause Pioneer € 3 billion if it is disposed of. In addition, it would be interest in Pekao worth € 2.3. In time, Exane provides an emission of € 7 mijlard in size.

There is speculation it could merge with UniCredit to rescue the French bank Société Générale.

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