Ubertalli’s unexpected expelling comes something like a year. After he was selected as head of Italy and follows the new exits. Other well established senior UniCredit leaders. UniCredit’s CEO Andrea Orcel has gotten a sense of ownership with maintaining the Italian bank’s homegrown business, an inside notice showed. Orcel, previous head of venture banking at … Read more
Cost of living rising at the fastest rate in single currency zone. Rising energy and food prices pushed inflation to 8.1% in the year leading up to May. Analysts warn of recession risk for 19-nation bloc. The level of consumer confidence in the eurozone has reached its lowest point since the beginning of the coronavirus … Read more
ROME: Italian bank UniCredit announced a three-year business plan on Thursday that includes distributing some 16 billion euros ($18 billion) to shareholders from 2022 to 2024, Reuters reported. The plan under CEO Andrea Orcel, who took over in April, also calls for raising net profit to 4.5 billion euros by 2024, from a targeted 3.3 billion euros … Read more
