It is “inevitable” Italy will need an EU bailout in the next six months, according to analysts at the country’s second largest bank.
Mediobanca is looking at launching Mediobanca Alternative Asset Management (MAAM), a new platform aimed at improving the bank's corporate investment banking activities, the bank's Investor Day report has announced.
Italy's investment bank Mediobanca will complete a strategic review of its portfolio of activities which will be completed in mid-2013 and which could see the bank refocusing on its core business, according to chief executive Alberto Nagel.
Italy's investment bank Mediobanca posted today a 78% decrease in its annual net profit, mainly caused by further write-downs on the bank's investment portfolio and by raised provisions against risky loans.
Alberto Nagel, chief executive of Italy’s investment bank Mediobanca, is being investigated by Milan prosecutors for allegedly obstructing the regulatory compliance of a merger deal.
Italian bank Mediobanca has appointed Christian Collin, Alessandro Decio and Bruno Ermolli as independent members to its Board.
Mediobanca has appointed BNP Paribas Securities Services as custodian bank of the group on foreign equity markets and as its clearing agent on foreign regulated derivative markets.
Two private equity funds have jeopardized a deal being brokered by Mediobanca, the Milan-based investment bank, to rescue Fondiaria-SAI, a loss-making insurance group with asset management and real estate interests.