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UniCredit to launch strategic in-depth review under new CEO

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Published Tue, Jul 12, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Milan

UNICREDIT'S board on Monday approved the launch of a strategic in-depth review under its new chief executive as it seeks to boost its capital position and improve profitability.

Italy's biggest bank by assets last month appointed French investment banker Jean-Pierre Mustier as its chief executive, a choice which a source said is likely to lead to a multi-billion euro capital increase and asset sales.

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