– – Tsvetanka Mincheva – Tsvetanka Mincheva has been elected Chairman of the Management Board and Chief Executive Officer of UniCredit Bulbank, the bank has just announced. Her appointment is subject to approval by the BNB and entry in the Commercial Register. Mincheva takes over from Teodora Petkova, who was appointed Director of UniCredit for … Read more
The European Commission has ruled that 7 investment banks are guilty of violating antitrust laws during the 2008 global financial crisis, penalizing Nomura, UBS and UniCredit with cumulative fines of $ 371 million, writes CNBC. – The seven banks participated in “a cartel of bond transactions” on the secondary and primary market of European government … Read more
Wage growth was the highest in the whole of 2020 Real wage growth of 3.8 percent in the fourth quarter was the highest in a full year last year. In the first quarter, after adjusting for inflation, wages rose by 1.5 percent, in the third by 1.8 percent, and in the second quarter they even … Read more
The average wage in the Czech Republic increased by 6.5 percent to 38,525 crowns in the last quarter of last year. In real terms, after taking into account the growth of consumer prices, monthly earnings increased by 3.8 percent. This follows from data published on Monday by the Czech Statistical Office (CSO). In healthcare, salaries … Read more
– Good morning dear readers, if you read what the CDU is currently publishing about Helge Braun, “their” minister in the Chancellery, one might think that the man is a “submarine” of the Greens or the Social Democrats in the vicinity of Angela Merkel. The party-internal criticism fell on the trained doctor so unanimously and … Read more
Dhe end of the Mustier era at the second-largest Italian banking group Unicredit apparently came unexpectedly even for close employees. Media speculations about a possible replacement of the managing director Jean Pierre Mustier, who has been in office since 2016, were dismissed as a sign of the dissatisfaction of individual members of the board of … Read more
KfW has become one of the most important banks again since the corona crisis. The KfW corona loan is the favorite instrument of CFOs. But the house banks also play a role; they forward the application to KfW and participate in the loans. Companies can only apply for loans of 100 million euros or more … Read more
MILANO – Unicredit and Monte dei Paschi in the spotlight of Piazza Affari, with the Treasury pressing on the institute led by Jean Pierre Mustier to intervene in the acquisition of the bank of which the Mef is the majority shareholder. In accordance to rebuilt by Republic, the public shareholder (68.5% of the Sienese bank) … Read more