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UniCredit will consider Monte dei Paschi among its options for growth but Italy's second-biggest bank will only pursue a takeover that is in the interest of all of its shareholders, its chairman designate was quoted as saying.
* Spent career as Treasury official, central banker * As ECB chief, guided euro zone through debt crisis * Now faces tumult of Italian party politics ROME, Feb 3 (Reuters) - Mario Draghi has never shirked a challenge, from salvaging the reputation of Italy’s central bank to saving the euro. He is about to take on what may be an even tougher task. Little over a year after leaving the presidency of the Frankfurt-based European Central Bank, Draghi, 73, was asked by Italy’s head of state on Wednesday to resolve political chaos in Rome and form the country’s 67th post-war government. For th...
UniCredit Set to Name Andrea Orcel as CEO to Replace Mustier This content was published on January 26, 2021 - 16:57 January 26, 2021 - 16:57 (Bloomberg) -- UniCredit SpA is set to appoint Andrea Orcel as chief executive officer, choosing one of Europe’s best known bankers to replace Jean Pierre Mustier, according to people familiar with the discussions. The bank’s board will meet Wednesday to approve the nomination, some of the people said. They asked to not be named because the matter isn’t public. A spokesman for UniCredit declined to comment. The appointment will mark Orcel’s retur...
Conte Push for Majority Hinges on Threat of Early Italy Vote Bloomberg 1/22/2021 John Follain and Chiara Albanese (Bloomberg) -- Allies of Italian Prime Minister Giuseppe Conte are raising the specter of early elections in a bid to win over lawmakers as the premier struggles to patch together backing for his minority government. Conte, who lost a key ally in parliament last week, is having a tougher-than-expected time rebuilding his majority, and his camp is trying to win over lawmakers by using the threat of snap elections, even though this is widely considered an unlikely ...
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UniCredit Narrows CEO Search as Some Investors Push for Orcel By Jean Pierre Mustier (Bloomberg) -- The race to succeed UniCredit SpA Chief Executive Officer Jean Pierre Mustier is accelerating, with the Italian bank trimming its list of preferred candidates to just three or four after high-profile names such as Tidjane Thiam dropped out of contention. The bank is now seeking to name a successor earlier than its initial target of Feb. 10, according to people with knowledge of the search. Those still in contention include former UBS Group AG investment banker Andrea Orcel, Fincantieri SpA Gene...