UniCredit CEO says no big impact from bank tax, but uncertainty harmful
MILAN (Reuters) – The surprise bank tax Italy’s government introduced in August has no major impact on UniCredit’s earnings, but the uncertainty it stoked is damaging, Chief Executive Andrea Orcel said on…
Goldman Sachs lifts UniCredit stake to 7.6%
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…
UniCredit CEO expects ECB to take ‘balanced approach’ on rate hikes
MILAN (Reuters) – The head of Italy’s UniCredit expects the European Central Bank (ECB) to take a ‘balanced approach’ on interest rate hikes, acting on the basis of economic data as they…
UniCredit kicks off first tranche of share buyback for 2.34 billion euros
MILAN (Reuters) – UniCredit will kick off on Monday the first tranche of a share repurchase programme which received supervisory approval last week, a key part of Chief Executive Andrea Orcel’s plans…
UniCredit gets ECB approval for 3.34 billion euro share buyback
MILAN (Reuters) – UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34 billion euros ($3.6 billion), giving a boost to the stock…
Norway wealth fund to vote in favour of UniCredit remuneration plan
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit remuneration package, it said on Sunday. The Italian bank is…
UniCredit board member did not quit due to alleged spat over CEO pay – chairman
MILAN (Reuters) – The former head of the remuneration committee and board member of UniCredit, Jayne-Anne Gadhia, did not quit the bank due to alleged disagreements over the pay package of CEO…
UniCredit CEO says 2022 shareholder payout could top 2021
MILAN (Reuters) – Italy’s UniCredit may have room to pay out more to shareholders from 2022 earnings than the year before, potentially adding to rewards that were already among the most generous…
UniCredit CEO says ‘we’ll see’ when asked about Monte dei Paschi -CNBC
MILAN (Reuters) -UniCredit Chief Executive Andrea Orcel on Wednesday did not rule out the Italian bank reassessing a potential acquisition of Monte dei Paschi di Siena in the future, after talks collapsed…
UniCredit CEO says Europe may escape recession – CNBC
MILAN (Reuters) – The European economy may be able to avoid the shallow recession expected this year though the effect of higher rates will made itself felt with a lag and it…
UniCredit faces higher ECB capital requirement as risks rise – Bloomberg News
(Reuters) – UniCredit SpA is facing the possibility of higher capital requirements next year, with the European Central Bank (ECB) seeking to ensure the Italian bank’s resilience against risks from Russia’s war…
UniCredit to give staff in Germany 2,500 euro tax-free bonus-memo
MILAN (Reuters) – Italy’s second-largest lender UniCredit will give its staff in Germany a bonus of 2,500 euros ($2,594) to compensate for rising inflation, a copy of an internal memo seen by…
UniCredit CEO says firms, families are adjusting, sees recovery at end-2023
MILAN (Reuters) – Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of next year after what UniCredit expects to…
UniCredit to significantly raise 2022 guidance, confident also on 2023 – CEO
By Valentina Za MILAN (Reuters) -UniCredit will significantly improve its guidance for the current year when it presents third quarter results after hitting distribution goals on 2021, the Italian bank’s CEO said,…
UniCredit focused on “internal delivery”, open to M&A in all its markets
ROME (Reuters) – UniCredit is focused on delivering targets set under its business plan, though it remains ready to seize M&A opportunities in all the markets where it operates, CEO Andrea Orcel…
UniCredit kicks off second buyback for up to 1 billion euros
MILAN (Reuters) – Italy’s second-biggest bank UniCredit said on Wednesday it was kicking off its second share buyback this year, for up to 1 billion euros ($990 million), which it expects to…
Unicredit CEO eyes acquisitions in Germany -Handelsblatt
BERLIN (Reuters) – UniCredit is eyeing acquisitions in Germany as part of plans by Italy’s second-biggest bank to become a fully developed European bank, Chief Executive Andrea Orcel told German daily Handelsblatt…
UniCredit CEO sees “shallow” recession ahead
FRANKFURT (Reuters) – UniCredit Chief Executive Andrea Orcel said on Wednesday Italy’s second biggest bank expected a “relatively shallow” recession in Europe followed by a rebound in 2024. Speaking at a financial…
UniCredit CEO Orcel takes direct charge of Italian business – memo
MILAN – UniCredit CEO Andrea Orcel has taken direct responsibility for running the Italian bank’s domestic business after the board decided to remove the country’s head Niccolo Ubertalli, an internal document showed.…
UniCredit boss says giving away Russian unit would be morally wrong
MILAN -Giving up for free the Russian arm of UniCredit would be morally wrong, the Italian bank’s chief executive said on Tuesday. UniCredit runs Russia’s 14th largest bank and has been studying…
UniCredit well placed to weather Italian debt volatility – CFO
MILAN – UniCredit is well placed to withstand volatility in Italian government bonds, the group’s finance chief said on Wednesday, dismissing concerns about the impact of a recent widening in spreads with…
UniCredit CEO rules out reopening of Monte dei Paschi talks
ROME – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The negotiations are…
UniCredit, Citi consider swapping assets with Russian institutions – FT
(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday.…
UniCredit surprises with buyback as it tackles Russia exit
By Valentina Za MILAN -UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put at risk by the Ukraine war, even as it set…
UniCredit launches staff training pilot project in Italy
MILAN – Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture…
Unicredit Italian diamond fraud case to start anew
MILAN -Proceedings involving Italian bank Unicredit over alleged fraudulent diamond sales will start again from scratch, judicial sources said on Friday, increasing the risk many of the allegations could be dropped due…
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