HVB Group, the German bank being acquired by UniCredito Italiano, today reported second-quarter earnings sharply down on the first three months of the year, although six months' results more than doubled.

Second quarter pre-tax profits fell 28% to €406m ($487m) compared with the first quarter.  At €230m, net profit dropped more than a third.

Helen Fowler

UniCredito Italiano

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HVB on course for €1bn

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