UBS cuts risk, lowers profit goals

Article Abstract:

Executives with UBS AG announced that they have reduced their profit goals. The company has lessened its "risk appetite" in its Warbug Dillon Read investment banking unit. The UBS executives also said that the company will focus more on less-risky core businesses. They believe that they will make more equity available by doing so. UBS is studying the possibility of implementing a stock repurchase program as a result.

Financial management, Switzerland, Abstract, UBS AG

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Unicredito chief says plan to restructure adds potential

Article Abstract:

Alessandro Profumo, the chief executive of Unicredito Italiano S.p.A., asserted that the company's restructuring plan will improve its chances to conduct mergers in Italy and in Europe. The restructuring plan envisions a 38% rise in net profits in 2004.

Organizational history, Beliefs, opinions and attitudes, Unicredito Italiano S.p.A., Profumo, Alessandro

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Monte dei Paschi opens talks to buy about 8% of BNL

Article Abstract:

Monte dei Paschi di Siena SpA has launched an effort to acquire a minority share of Banca Nazionale del Lavoro SpA. Monte dei Paschi is attempting to acquire Banca Popolare di Vincenza's 8% share of Banca Nazionale.

Mergers, acquisitions and divestments, Commercial finance companies, Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Banca Popolare di Vincenza

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