Intesa Sanpaolo Offer for UBI Banca - Bold Step Towards Domestic Bank Consolidation
Intesa Sanpaolo (ISP IM) has taken the initiative making an all share - allegedly not hostile, but clearly unsolicited - offer for Unione Di...
438 Views
European Banks: ECB SREP - Repairing Balance Sheets, Despite Profitability Challenge
The ECB's SREP press release and briefing today served to highlight some positive points on capital, credit quality but also the challenges in...
348 Views
European Banks: Screening for Value January 2020
High liquidity in markets and improving investor risk appetite appear to be driving the rotation into equities and especially value stocks, which...
460 Views
Italian Banks: Dodging The "Low Grade" M&A Bullets, at Least for Now
Banca Carige and Banca Popolare di Bari stand out as the Italian bank bailouts at the end of 2019 This highlights, in our view, that increasingly...
403 Views
Galliano's Latin Notes 2019 Recommendations in Review, and Initial Thoughts for 2020
Our post mortem of 2019 recommendations shows that we have had some successes; good bull calls were Gentera SAB De CV (GENTERA* MM EQUITY) in...
656 Views