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 SpA, Italy’s biggest bank, said first-quarter profit rose 59 percent after it set aside less money for bad loans and costs declined.
"We feel absolutely fine because we do not have anything to fear, at least so far."
- Federico Ghizzoni on Aug 06, 2014