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BPERBanca

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Italian markets hit as Draghi government crumbles before ECB rate hike

* Draghi resigns * Italian borrowing costs jump, but off recent highs * Stocks fall, bank shares down 4% * ECB set to hike rates later on Thursday By Dhara Ranasinghe LONDON, July 21 (Reuters) - Italian bond and stocks sold off sharply on Thursday following the collapse of Mario Draghi's government, just as markets braced for the first interest rate hike from the European Central Bank since 2011. Benchmark 10-year Italian bonds yields soared more than 20 basis points (bps) to their highest since
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Italian bank shares sink further on government debt jitters

* Italy risk premium vs Germany at fresh 2-yr high of 244 bps * Banking index down 3.6% after 8.5% drop on Friday * Monte dei Paschi faces more costly capital raising * Banks have cut BTP holdings, remain exposed to loan losses By Valentina Za MILAN, June 13 (Reuters) - Shares in Italian banks plunged further on Monday as investors fretted about Rome's debt costs surging higher ahead of the European Central Bank's first rate hike in over a decade.
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BPER received four bids for NPL unit, 2.5 bln euros in bad loans

MILAN, June 10 (Reuters) - BPER Banca EMII.MI said on Friday it had received four non-binding bids for its non-performing loan (NPL) unit which it plans to sell early next year after reaching a deal by the end of 2022. Confirming what Reuters had reported last month from sources, BPER said it aimed to offload at least 2.5 billion euros in bad debts with the unit.
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Italy's BPER to pay out $1 bln to investors under new plan

(Corrects date) By Andrea Mandala and Valentina Za MILAN, June 10 (Reuters) - Italy's fourth-largest bank BPER Banca EMII.MI said it will close 30% of its branches and more than double profits to return at least 1 billion euros ($1 billion) to investors by 2025. BPER, whose main shareholder is Italy's No.2 insurer UnipolSAI US.MI , set out its business plan on Friday to focus on fee-earning activities like insurance and wealth management to drive profits to around 800 million euros, up from 384
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Gardant teams up with AMCO in race for BPER's NPL unit-sources

MILAN, May 20 (Reuters) - Elliott-backed Italian bad loan specialist Gardant has teamed up with state-owned rival AMCO in the race to secure the bad loan business put up for sale by Italy's fifth-largest bank BPER Banca EMII.MI , three sources with knowledge of the matter said. Bids for BPER's bad loan recovery unit and a bad loan portfolio the bank will offload with the management unit are due in a couple of weeks, one of the sources said.
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