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...Among the most eye-catching distribution announcements this year are Italy’s UniCredit, which promised to pay €8.6bn — its entire profit haul for 2023 — to investors....
...The network of firms in Benko’s Signa group not only borrowed from banks including Julius Baer and UniCredit, but also relied heavily on funding from more than half a dozen insurers, according to documents...
...The former UniCredit chief may face his biggest challenge yet as chair of IT services group and military contractor Atos following his predecessor Bertrand Meunier’s resignation last Monday....
...Lloyds Banking Group said it could not comment on individual customers but complied with sanctions laws....
...As chair of the remuneration committee, Gadhia was tasked with overseeing pay for senior executives and seeking the support of investors ahead of the group’s annual meeting on March 31....
...The investment comes after former UniCredit chief executive Jean Pierre Mustier was appointed as Atos chair to shore up the company’s balance sheet after a series of crises....
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...Former UniCredit chief executive Jean Pierre Mustier has been appointed chair of indebted French IT services group Atos following the departure of Bertrand Meunier....
...The Paris-based group, whose chair is former UniCredit chief executive Jean Pierre Mustier, said on Monday it had appointed a mediator to oversee refinancing negotiations with lenders....
...Credit rating agencies have downgraded the group’s debt to junk status and warned of its poor liquidity amid high cash burn....
...to split the group in two and sell its legacy business to Czech billionaire Daniel Křetínský....
...Another Atos board member, Jean Pierre Mustier, formerly chief executive of Italian bank UniCredit, is being lined up to take Meunier’s place, they said....
...Recently appointed chair and former UniCredit chief executive Jean Pierre Mustier is working to salvage a deal to split the business while negotiating to secure financing from its creditors ahead of €2.25bn...
...BPM would increase the group’s branch market share to 18 per cent, from Unicredit’s current 11 per cent, according to broker Equita. That would narrow the gap with Italy’s largest lender, Intesa....
...Corporate data: Dutch healthcare technology group Philips issues third-quarter earnings, as does Swedish heavy engineering outfit Sandvik, Italian lender UniCredit and Swedish medical technology company...
...The implication that a person’s gender makes them weak is shocking and certainly not in keeping with UniCredit’s view as evidenced in the 50:50 gender split on our group executive committee....
...Even among the few banks that have enjoyed substantial share price recoveries (UniCredit stock has doubled this year), valuations remain well below book value (UniCredit’s price-to-book ratio is 73 per cent...
...The presence of Andrea Orcel at the helm of one of the best performers, UniCredit, has fuelled deal talk. The UBS veteran doubtless has one eye on combinations....
...He was also briefly a board member at Italy’s UniCredit. A recent venture did not go to plan....
...UniCredit, a standout performer last year in terms of its share price recovery, is set to continue its efficiency drive to maximise returns....
...That applies to the intervention of Daniel Křetínský at French IT group Atos....
...The group consists of Novo Nordisk, ASML, and LVMH (no surprises there) as well as SAP, Schneider Electric, Richemont and Ferrari....
...Switzerland’s Julius Baer and Credit Suisse, now part of UBS, as well as Austria’s Raiffeisen, Bank of China, France’s Natixis and Italy’s UniCredit are among the group’s lenders....
...has been driven by a broader spread of companies — among them defence contractor Leonardo, which has seen its shares double over the past year; carmaker Ferrari (up 50 per cent); and the banks, led by UniCredit...
...Other lenders that still have some operations in Russia include Italy’s UniCredit and OTP Bank of Hungary....
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