{"id":21651,"date":"2023-04-24T16:31:46","date_gmt":"2023-04-24T16:31:46","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/goldman-sachs-lifts-unicredit\/"},"modified":"2023-04-24T16:33:19","modified_gmt":"2023-04-24T16:33:19","slug":"goldman-sachs-lifts-unicredit","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/goldman-sachs-lifts-unicredit\/","title":{"rendered":"Goldman Sachs lifts UniCredit stake to 7.6%"},"content":{"rendered":"

MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing showed on Monday. <\/p>\n

The stake, held by Goldman through a number of its own companies, stood at 6.2% on April 13 and rose to as much as 8.2% the following day, before being pared back.<\/p>\n

Borrowed shares as well as options and other derivatives account for nearly two thirds of the stake, so that voting rights refer only to 2.69% of the bank’s capital.<\/p>\n

Goldman, whose equities services include a market making role on derivatives, has been raising and reducing its potential UniCredit exposure over the course of the past month which has witnessed turmoil in the banking sector.<\/p>\n

\n

(Reporting by Valentina Za; Editing by Keith Weir)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ3N0JX-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing showed on Monday. The stake, held by Goldman through a number of its own companies, stood at 6.2% on April 13 and rose to as […]<\/p>\n","protected":false},"author":8,"featured_media":21652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-21651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3N0JX-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=21651"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21651\/revisions"}],"predecessor-version":[{"id":21653,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/21651\/revisions\/21653"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/21652"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=21651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=21651"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=21651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}