🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

UniCredit CEO says situation at embattled bank 'under control'

Published 23/05/2016, 11:40
© Reuters.  UniCredit CEO says situation at embattled bank 'under control'

MADRID (Reuters) - UniCredit Chief Executive Federico Ghizzoni said in Madrid on Monday the situation inside the struggling Italian bank was under control ahead of an extraordinary board meeting on governance issues set for Tuesday.

"There is nothing dramatic going on inside the group, the situation is definitely under control ... We don't have any tension," Ghizzoni said at an event at Madrid's stock exchange to launch a new Spanish office.

Ghizzoni has headed Italy's largest bank by assets since 2010 but has faced calls to resign amid growing shareholder discontent over its weak share price performance, stretched capital position and low profitability when compared to rivals.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.