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...By comparison, UniCredit, the second-largest western bank in Russia, employed 3,171 staff at the end of 2023 compared with 4,383 two years earlier....
...Letter in response to this article: Not my idea of redistribution / From Professor Bruce Lloyd, London South Bank University, London SE1O, UK...
...The decision to make deep cuts to the branch network comes as the bank tries to appease angry customers after a botched IT migration disrupted services over the summer....
...The investors owned additional tier 1 bonds, or AT1s, a form of bank debt that can be converted into equity or written down when a bank runs into trouble....
...Nationwide launched a TV advert last year ridiculing the branch-cutting “big banks”....
...Three years later the bank collapsed....
...Letter in response to this article: One ‘unknown unknown’ banks should know about / From Trevor Wood, Partner, Vedder Price, London EC2, UK...
...UniCredit shares hit an eight-year high on Monday after the bank said it would return its entire 2023 profit pool of €8.6bn to investors....
...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...
...Italian banks UniCredit and Intesa Sanpaolo have reached 13 and nine-year highs respectively....
...The Financial Stability Board has removed Italian lender UniCredit from its list of global systemically important banks, the international monitor said on Monday, taking its total down to 29 from 30 last...
...Big share price moves in Europe today include French IT services company Atos, Belgian snack company Lotus Bakeries, and Italian bank UniCredit....
...Milan style beat The London Look on Tuesday. UniCredit and Barclays both exceeded profit expectations for the third quarter. The Italian bank made the better impression....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...When Duffy joined as head of CYBG in 2015, Crosbie was chief operating officer, a role she held for four years until she left to run TSB Bank....
...In 2021, UBS, UniCredit and Nomura were fined a total of €371mn for taking part in a bond trading cartel during the European sovereign debt crisis, with traders at the three banks having been found to have...
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...This month, Italy’s UniCredit promised to pay €8.6bn — its entire profit haul for 2023 — to investors in dividends and buybacks....
...Booij will leave his role as chief executive for Europe at ABN Amro Clearing Bank, a division of the Dutch bank that connects trading firms and hedge funds with exchanges such as Eurex....
...Close Brothers, which also owns Winterflood Securities and has an asset management branch, is the most exposed lender to car finance in relative terms, with motor finance deals representing 22 per cent of...
...Milan, darling, Milan Milan style beat The London Look on Tuesday. UniCredit and Barclays both exceeded profit expectations for the third quarter....
...Metro Bank has insisted that its branch-based model is the right one after striking a financing deal that will give the UK challenger bank breathing space and fill a capital hole that had prompted talks...
...But police were increasingly focused on gang activities related to trade in medicines and animals rather than e-scrap, added Pozzi, who is also chair of the e-waste branch of Euric, the European recycling...
..., 11am–3pm (Bank branch) FYI: Order in advance to skip the queue via the recently launched app....
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