Unicredit

The shares of Italian banking giant UniCredit S.p.A. (OTC: UNCFF) dipped in Friday's trade in Milan as reports suggested that the company's chief executive officer Jean-Pierre Mustier was being considered for leading HSBC Holdings p.l.c. (NYSE: HSBC). What Happened Bloomberg reported...

When it comes to exchange-traded funds that hold bank stocks, many U.S. investors focus on familiar ETFs such as the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF) and the iShares Dow Jones US Financial (ETF) (NYSE: IYF), but that domestic bias could be costing those investors opportunity...

The US Commerce Department took the first step to do away with a near forty year old ban on selling unrefined US oil abroad when it approved requests from both Pioneer Natural Resources Co. and Enterprise Products Partners LP to begin selling condensate oil to foreigners. Permission has only...

S&P cut the debt ratings of three of Europe's largest banks late Tuesday as new rules and "uncertain market conditions" threaten business across the continent. Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), and Deutsche Bank (NYSE: DB) all had their credit ratings cut one notch. Downgrades...

Euro strength a problem? Not any more, as the euro reversed weeks of gains against the dollar as the EUR/USD declined back below 1.34 for the first time since January 25. Further, the chart for the pair is anything but rosy and should the fundamentals not change much, the pair looks set to fall...

Monday, global financial markets got beat down on what was effectively a repricing of sovereign and political risk in Europe. Bond yields rose, bank stocks fell, and broadly, risk assets traded weakly. Europe just looked pretty ugly Monday. Beginning in Italy, 10-year government bond yields crept...