UBI

The chief executive of Italy's fifth-largest lender, Unione di Banche Italiane Scpa , known as UBI Banca , also said his bank is fine, although it's become more expensive to obtain certain types of short-term funding.

Italian Bank Chiefs Confident on Funding

(including the demographics of the student populations served, especially in institutions with large endowments), and unrelated business income ( "UBI") including Form 990-T reporting ....

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At the behest of country's central bank, which has urged Italian banks to boost their core capital ratios amid European-wide stress tests, Italian banks UBI Banca SpA, Banco Popolare SpA, Intesa Sanpaolo SpA and most recently Banca Monte dei Paschi di Siena SpA have announced plans to raise fresh capital.

Banca Popolare Shares Tumble

At the end of March, UBI Banca SpA announced a capital increase of up to €1 billion.

Monte Paschi to Raise Capital, Following Peers

Among other banks, Banca Monte dei Paschi di Siena was down 3.7%, Banco Popolare was down 2.7% and UBI Banca dropped 4.2%.

Italy Bank Stocks Skid

A subsidiary of Italy's UBI Banca last week launched a deposit-gathering campaign in Germany, offering interest rates of 4% on 12-month deposits.

EU Banks Struggle to Lure Deposits

The chief executive of the UBI subsidiary, IW Bank, Alessandro Prampolini , said IW wants to position itself as "a relevant online player."

EU Banks Struggle to Lure Deposits

United Bank of India UBI on Thursday said it was expecting the government to infuse Rs 308 crore into the bank by the end of this month.

Morning News Roundup

Lender UniCredit sank 7.1% and UBI Banca dropped 6.6% on fresh investor concerns about their exposure to the European debt crisis.

Banks Lead European Losses

Lender UniCredit sank 7.1% and UBI Banca dropped 6.6% on fresh investor concerns about their exposure to the European debt crisis and worries that troubles could spread to other debt-laden euro-zone nations, including Italy.

Banks Slide in Asia, Europe