Italy’s biggest bank UniCredit to be SOLD OFF in UK in desperate bid to avoid crisis

UniCredit is selling off its Polish operations and its asset management arm to boost capital (Bloomberg)

 

UNICREDIT is due to sell off a bumper load of shares in a desperate bid to avoid crisis.

Italy’s largest bank is preparing to unveil a £10.9billion (€13bn) rights issue this week.

UniCredit is expected to announce the sale in London and outline plans to offload assets and wide-ranging cuts. Continue reading

This Looks Like the 2008 Stock Market Crash All Over Again

U.S. markets logged their fifth straight week of gains last week, pushing the Dow and S&P 500 into positive territory for the first time in 2016. But despite those gains, the fears of a stock market crash are still very real.

In fact, Money Morning Capital Wave Strategist Shah Gilani says this rally reminds him of the one that preceded the 2008 stock market crashContinue reading