UniCredit plans new Italian holdco to make itself ‘MPE-ready’ for MREL
At its results presentation on Thursday, UniCredit's CEO Jean Pierre Mustier scotched rumours that it was planning to set up a new German holding company and revealed instead plans for a holding company in Italy, designed to make its organisational structure more efficient for regulatory capita...
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| Veröffentlicht in: | Global Capital 2019-11 |
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| Format: | Artikel |
| Sprache: | eng |
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| Online-Zugang: | Volltext |
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| Zusammenfassung: | At its results presentation on Thursday, UniCredit's CEO Jean Pierre Mustier scotched rumours that it was planning to set up a new German holding company and revealed instead plans for a holding company in Italy, designed to make its organisational structure more efficient for regulatory capital and resolution purposes. [...]Europe is going for the very high end of the range. Net operating profit at the corporate and investment bank was up 33% at €615m, edging out the bank’s next highest earning divisions, the commercial bank in Italy (€582m) and Central and Eastern Europe (€566m). |
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| ISSN: | 2055-2165 |