UniCredit SpA , Italy’s biggest bank, named Deputy Chief Executive Officer Federico Ghizzoni as CEO nine days after his predecessor Alessandro Profumo quit under pressure from investors.
UniCredit SpA Chief Executive Officer Federico Ghizzoni said a solution to the “tense and complicated” crisis in Ukraine is needed to avoid harming business in Europe.
UniCredit will cut costs this year more aggressively than planned, beating targets approved in November, Chief Executive Officer Federico Ghizzoni said.
UniCredit SpA will seek the “right” mix of stable shareholders in different regions in the future, Chief Executive Officer Federico Ghizzoni told la Repubblica in an interview.
UniCredit SpA, the Italian bank that shares ownership of Turkey’s Yapi & Kredi Bankasi AS with Koc Holding AS, doesn’t intend to sell its stake or pull out of Turkey, Anatolia News Agency reported, citing Chief Executive Officer Federico Ghizzoni.
The biggest need for European banks from the region’s regulators is help with financing to prevent the debt crisis from worsening, said UniCredit SpA Chief Executive Officer Federico Ghizzoni.
"The ruble's decline is not having an impact on the Russian unit because its assets are denominated half in rubles, with most of the remainder in dollars."
- Federico Ghizzoni on Dec 16, 2014