Christian Baumgaertel

1 week ago | news.bloomberglaw.com | Christian Baumgaertel

UniCredit SpA Chief Executive Officer Andrea Orcel said his offer for rival Banco BPM SpA may fall through as he waits for a court to rule on whether conditions imposed on the deal by the government are legitimate. “We went to the Regional Administrative Court, but the decision won’t come in time to give us certainty about the completion of the deal,” Orcel said at a panel discussion Tuesday. “So it might fall through.” In that case, UniCredit has the option to relaunch the bid, he said.

2 months ago | news.bloomberglaw.com | Christian Baumgaertel

A top French financial watchdog said regulators are increasingly focusing on enabling private investment, rather than creating roadblocks, as Europe seeks to improve its competitiveness and renews its aging infrastructure and defense.

Jan 23, 2025 | bloomberg.com | Christian Baumgaertel |Francine Lacqua

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Feb 6, 2024 | bnnbloomberg.ca | Christian Baumgaertel

(Bloomberg) -- Deutsche Pfandbriefbank AG, a German lender focused on commercial real estate, put aside more money for souring loans to prepare for what it said was the biggest property upheaval since the financial crisis 15 years ago. The firm known as PBB said provisions for last year will be as much as €215 million ($232 million), according to a statement Wednesday.

Feb 6, 2024 | bloomberg.com | Christian Baumgaertel

Deutsche Pfandbriefbank AG, a German lender focused on commercial real estate, put aside more money for souring loans to prepare for what it said was the biggest property upheaval since the financial crisis 15 years ago. The firm known as PBB said provisions for last year will be as much as €215 million ($232 million), according to a statement Wednesday. Pretax profit for the year is expected to reach €90 million, at the bottom of its already downgraded range, according to preliminary figures.