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  • Clouds hang over Monte T2s as UniCredit sets out merger ambitions

    Clouds hang over Monte T2s as UniCredit sets out merger ambitions

    Banca Monte dei Paschi di Siena’s capital instruments are at risk of being zeroed after UniCredit announced this week that it could buy the state-owned Italian lender on extremely favourable terms. Market participants are more optimistic on Monte’s senior debt, which would rally strongly if included in a merger.

  • Íslandsbanki sets sights on debut AT1

    Íslandsbanki sets sights on debut AT1

    Íslandsbanki plans to issue its inaugural additional tier one (AT1) note in the near future, becoming the second Icelandic bank to debut in the format since the collapse of the nation's banking system 13 years ago.

  • Carige flounders on market return amid uncertain future

    Carige flounders on market return amid uncertain future

    Banca Carige’s share price fell nearly 60% on Tuesday, after trading in its stock reopened for the first time in about two and a half years. Investors are concerned about the outlook for the Italian lender, which may need to raise €400m of capital if it cannot find a merger partner.

  • ECB ends dividend ban ahead of stress test

    ECB ends dividend ban ahead of stress test

    The European Central Bank took another step towards normality last Friday as it announced that the dividend and share buyback restrictions for eurozone banks will end in late September, coming ahead of the publication of the supervisor's latest stress test later this week.

  • EU tweaks will hamper Basel III benefits, ECB warns

    EU tweaks will hamper Basel III benefits, ECB warns

    The European Central Bank has urged the EU to implement a "plain vanilla" version of the final Basel III rules, arguing that other design options will have lower economic benefits over the long term.

  • Citic takes home $600m from AT1 bond

    Citic takes home $600m from AT1 bond

    China Citic Bank International has sold a $600m Basel III compliant additional tier one bond, ahead of plans to call one of its other bank capital trades later this year.

  • Monte bonds soar after legal settlement

    Monte bonds soar after legal settlement

    Banca Monte dei Paschi di Siena has settled a legal dispute with its former controlling shareholder, clearing a major source of uncertainty that had been dragging on its efforts to find a buyer.

  • Nordea learns final MREL target, sets out debt stack ambitions

    Nordea learns final MREL target, sets out debt stack ambitions

    Nordea said on Wednesday that it had received its final minimum requirement for own funds and eligible liabilities (MREL) last quarter. The Finnish firm is looking to put a greater emphasis on non-preferred senior debt, rebalancing regulatory resources away from equity and ordinary senior bonds.

  • PRA explains thinking on key areas of Solvency II review

    PRA explains thinking on key areas of Solvency II review

    The Prudential Regulation Authority gave more detail on the likely direction of reforms to the risk margin and the matching adjustment on Tuesday, as it launched a quantitative impact study for the review of Solvency II in the UK.

  • OLB lands €100m with debut AT1 transaction

    OLB lands €100m with debut AT1 transaction

    Oldenburgische Landesbank (OLB) launched a €100m of additional tier one (AT1) capital on Thursday, with new issuance in the asset class remaining skewed towards sub-benchmark transactions.

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