{"id":1983885,"date":"2023-07-27T06:55:02","date_gmt":"2023-07-27T10:55:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mediobanca-to-launch-new-223-million-buyback-after-record-year\/"},"modified":"2023-07-27T06:58:47","modified_gmt":"2023-07-27T10:58:47","slug":"mediobanca-to-launch-new-223-million-buyback-after-record-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mediobanca-to-launch-new-223-million-buyback-after-record-year\/","title":{"rendered":"Mediobanca plans $223M buyback following successful year."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmediobanca-to-launch-new-223-million-buyback-after-record-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1983885&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>Mediobanca\u200d to Buy Back Shares After Record Profits<\/h2>\n<\/p>\n<p>The Italian bank, Mediobanca, announced on Thursday\u2063 that it plans to repurchase its own shares for approximately 200 \u200dmillion euros ($223 million) \u200bin the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/judge-orders-l-a-to-offer-housing-to-homeless-population-on-skid-row-says-city-and-county-created-a-legacy-of-entrenched-structural-racism\/\" title=\"Judge Orders L.A. To Offer Housing To Homeless Population On Skid Row, Says City And County \u2018Created A Legacy Of Entrenched Structural Racism\u2019\">upcoming fiscal year<\/a>.\u2064 This decision\u2063 comes after \u200dthe bank closed \u200cthe\u200b previous\u2064 year with \u2063record revenues and profits.<\/p>\n<p>The bank&#8217;s \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dating-app-bumble-shares-close-63-higher-after-ipo-with-founder-becoming-youngest-female-ceo-to-take-a-large-u-s-company-public\/\" title=\"Dating App Bumble Shares Close 63% Higher After IPO, With Founder Becoming \u2018Youngest Female CEO To Take A Large U.S. Company Public\u2019\">net profit<\/a> for the 12 months through June increased \u2063by 13%\u200c to 1.03 billion euros, despite facing one-off hits\u2064 totaling around 190\u200b million euros.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Mediobanca\u200d recorded a\u200d 49.5 million euro impairment on Swiss asset manager RAM, while also \u200dallocating 26 million euros for voluntary\u2063 staff \u2063exits to\u2062 promote generational turnover.<\/p>\n<p>Revenues surged by 16% to 3.3\u200b billion euros, surpassing\u200d the\u200b target\u2062 set under\u2064 a three-year plan through mid-2023. This \u2062growth was driven by higher rates, which boosted net \u200cinterest income, and the resilience of wealth management \u2063fees despite challenges in the corporate and investment banking sector.<\/p>\n<p>\u201cMediobanca in the next three \u200dyears will deliver strong growth in wealth management, more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mediobanca-to-launch-new-223-million-buyback-after-record-year\/\" title=\"Mediobanca plans 3M buyback following successful year.\">efficient risk weighted asset<\/a> (RWA) management, and enhanced \u2062shareholder remuneration,\u201d\u200c stated Chief Executive Alberto\u200c Nagel. ($1 = 0.8976 euros)<\/p>\n<\/p>\n<p>  (Reporting by Gianluca Semeraro; editing \u200bby Valentina Za)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/mediobanca-to-launch-new\/attachment\/file-photo-italys-mediobanca-ceo-alberto-nagel-presents-a-new-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Manhattan Construction Crane Fire Injures Six<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Hunter&#8217;s Plea Deal Struck\u200b Down, Mitch McConnell \u200bTurns 81<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Federal \u2062Reserve \u2063Raises Interest Rate to Tackle Inflation<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Congressman Calls for House-Initiated\u2062 Impeachment of Joe Biden<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Russian Tech Giant Yandex\u200d Reports 27% Fall in Q2 Net Profit<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Digital Rights Group Files Complaint Against Ryanair<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Digital Rights Group Files Complaint Against Ryanair<\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Italy&#8217;s Mediobanca plans to repurchase its own shares for approximately \u20ac200 million ($223 million) in the upcoming fiscal year. The bank achieved record revenues and profits in the previous year, with a 13% increase in net profit to \u20ac1.03 billion ($1.15 billion) over the 12-month period.<\/p>\n","protected":false},"author":66,"featured_media":1983886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1983885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1983885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1983885"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1983885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1983886"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1983885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1983885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1983885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}