Introduction The issue of the Non-Performing Loans (NPLs, from now on) has been long debated over the last few weeks and a new system has been designed with the purpose of creating a market for these troubled assets, which at the moment are still occupying the balance sheets of most Read more…
BBVA; market cap (as of 21/11/2014): $60.99bn Garanti Bakasi; market cap (as of 21/11/2014): $16.25bn Introduction On November 19, Banco Bilbao Vizcaya Argentaria (BBVA) announced the acquisition of a 14.89% stake of Turkiye Guaranti Bankasi’s from Dogus Group through a Turkish Lira (TL) 5.6bn (ca. €2bn) stock purchase. This operation Read more…
Banca Monte dei Paschi di Siena (BMPS) Market cap (as of 31/10/14): €3.11bn Banca Monte dei Paschi di Siena (MPS), Italy’s third largest lender and world’s oldest bank, has again become the center of discussion following the subpar results of European Central Bank’s stress tests released on October 26. MPS Read more…
The Blackstone Group AUM (as of 01/03/14): $66bn (Private Equity only) Versace Market Cap (as of 01/03/14): N/A (€1bn EV) When Gianni Versace was shot and killed in 1997, the homonymous company he founded was left in the hands of his sister and relatives. Donatella, Allegra and Santo split the Read more…
BMPS:IM Market Cap (as of 29/11/13): €2.18bn On November 26, 2013 Banca Monte dei Paschi di Siena (“MPS”), the world’s oldest bank (founded in 1472) and Italy’s third biggest lender, has agreed to submit a proposal to the Extraordinary Shareholders’ Meeting for a capital increase, for up to a maximum Read more…