UBI Banca (Unione di Banche Italiane Scpa) is the fifth-largest banking group in Italy by both market capitalisation and number of branches. The firm is primarily a holding company for a number of Italian cooperative banks, although it also controls the publicly-traded online bank IWBank and various insurance and asset management interests. The Group was created on the 1st of April 2007 from the merger between BPU - Banche Popolari Unite and Banca Lombarda e Piemontese.
The Group, mainly domestic, has a multiregional coverage with approximately 1,940 branches, of which 894 in Lombardy and 222 in Piedmont, and a significant presence in the most dynamic regions of Central Italy and in Southern Italy. Furthermore the Group has an International Network mainly driven by customer needs.
Best Banks in Central and Eastern Europe for 2009 - 14.05.2010 The following are the «Best Banks in Central and Eastern Europe for 2009» according to rankings published by Global Finance magazine: Source: Global Finance
Big banks slashed small business credit lines - 13.05.2010 The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday. Source: CNN Money
European Union agrees on €750bn bailout fund for eurozone - 10.05.2010 Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade. Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets. Source: Financial News
Debt crisis may hurt banks outside Greece - 06.05.2010 Credit ratings agency Moody's Investor Service said the banking systems in Portugal, Italy, Spain, Ireland and Britain could all be hurt by a widening debt crisis. Source: Associated Press
Bank of Russia cuts discount rate - a historic low for Russia - 04.05.2010 The Bank of Russia slashed its discount rate by another 0.25 percent from April 30. Starting tomorrow, the rate will be 8 percent per annum - a historic low for Russia. Source: RBC
UBI Banca (Unione di Banche Italiane Scpa) is the fifth-largest banking group in Italy by both market capitalisation and number of branches. The firm is primarily a holding company for a number of Italian cooperative banks, although it also controls the publicly-traded online bank IWBank and various insurance and asset management interests. The Group was created on the 1st of April 2007 from the merger between BPU - Banche Popolari Unite and Banca Lombarda e Piemontese.
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