Federico Ghizzoni News
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UniCredit SpA, Italy’s biggest bank, said first-quarter profit fell less than expected as provisions for bad loans declined and income from trading beat estimates. The shares gained.
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Italian lawmakers get a chance to begin breaking an eight-week political deadlock today as they consider nominations for the next head of state.
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Uninsured deposits could be used in future bank failures provided global rulemakers agree on a common approach, according to Federico Ghizzoni, the chief executive officer of Italy’s biggest lender, UniCredit SpA.
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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.
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UniCredit SpA, Italy’s biggest bank, is offering to buy back senior bonds for as much as 3.5 billion euros ($4.5 billion) to cut borrowings and adjust the maturities on its debt.
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UniCredit SpA Chief Executive Officer Federico Ghizzoni is buying time to rescue Italy’s biggest bank as the country teeters on the brink of recession.
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UniCredit SpA, Italy’s biggest bank, plans to revise its financial targets after bad loans tripled to produce the first quarterly loss since 2011.
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UniCredit will cut costs this year more aggressively than planned, beating targets approved in November, Chief Executive Officer Federico Ghizzoni said.
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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.
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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.
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