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coronavirus
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2324hr
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KPK
183,403

UniCredit

UniCredit's new boss opens door to M&A after strong quarter
Business & Finance

UniCredit's new boss opens door to M&A after strong quarter

  • Strong trading gains, fees drive Q1 profit beat.
  • New CEO says to consider M&A to accelerate strategy.
  • Moving on from phase of 'cautious retrenchment'.
  • Reviving lending business, boost to revenues a priority.
  • To hold investor day in H2.
  • Trims FY revenue forecast, improves loan-loss outlook.
Published 06 May, 2021 08:43pm
ECB blames redemptions as emergency bond buys slow
Business & Finance

ECB blames redemptions as emergency bond buys slow

  • The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week.
  • An ECB spokesman said the net purchases were affected by "seasonality factors", particularly large redemptions, which "temporarily delayed" an increase in the ECB's bond pile.
Published 08 Mar, 2021 08:13pm
UniCredit's board set to pick new directors on Wednesday
Business & Finance

UniCredit's board set to pick new directors on Wednesday

  • Mustier stepped down on Feb. 11 after clashing with the board over strategy late last year. UniCredit has named Co-Chief Operating Officer Ranieri de Marchis as general manager pending Orcel's arrival.
  • The list will also include current Chairman-elect Pier Carlo Padoan, an Italian economist and former Treasury chief, who will replace Cesare Bisoni.
Published 02 Mar, 2021 06:16pm