Unicredit

Assets of UniCredit, Deutsche Bank, and Commerzbank Seized by Court in Russia – Details Inside!

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St. Petersburg, Russia – A St. Petersburg court has made a significant move by seizing assets worth over €700 million from three western banks – UniCredit, Deutsche Bank, and Commerzbank. This action comes amidst escalating tensions between Moscow and the West, particularly since Russia’s full-scale invasion of Ukraine prompted many international lenders to pull out or scale down their operations in the country. The European Central Bank’s directive to Eurozone lenders with businesses in Russia …

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Unicredit Shares Skyrocket 9.8% with Record Profits – Find Out What’s Driving the Surge

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Milan, Italy – Investors saw a surge in Unicredit shares, reaching their highest level since 2015 with a 9.8% increase. The Italian bank announced plans to return 8.6 billion euros ($9.2 billion) to investors after reporting fourth-quarter profits of 1.9 billion euros, nearly three times analysts’ expectations. The favorable payouts through buybacks and dividends reflect the bank’s strong performance, buoyed by higher interest rates. The ongoing political tension, high inflation levels, and uncertainty surrounding the …

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