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FINANCIALS: Fineco: Reports Zurich May Bid For Firm

FINANCIALS

FinecoBank (FINBAN : BBB) equity halted up 5% on reports Zurich (ZURNVX : A1/AA-/AA-) may be bidding for the business. FINBAN spreads are already streaming 25bp tighter in the last month (only moved -0.6bp today).

  • “*ZURICH COULD WEIGH MOVE TO BUY ITALY’S FINECO, MESSAGGERO SAYS
  • *FINECO GAINS 5% AFTER REPORT ZURICH COULD WEIGH BUYING IT” - BBG

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