UniCredit's new management team faces a sizeable task particularly as the eurozone crisis threatens to suck in Italy and the bank's shareprice is sliding. However, the new CEO of the corporate and investment bank, Jean Pierre Mustier, is confident that UniCredit can do it.
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CEE banking giants take different investment banking routes
August 1, 2011UniCredit, Erste and Raiffeisen between them own significant market share across central and eastern Europe, but their approaches to turning local presence into international investment banking have varied.
Dodd-Frank Act's long arm is felt around the world
August 1, 2011On the one-year anniversary of Dodd-Frank, much may have been achieved, but almost as many rule-making deadlines have been missed. More importantly, there are growing industry concerns that lack of agreement about how to apply the extraterritorial reach of US regulation is a problem that just will not go away.
Profit performance masks the challenges faced by Pakistan's banks
August 1, 2011Although Pakistan tops The Banker’s Top 1000 World Banks profit rankings, the country’s banking sector faces a number of difficulties as it copes with a challenging economic environment.
Icelandic banks still waiting for the thaw
August 1, 2011A successful sovereign bond issue in June 2011 indicated that Iceland is gradually returning to financial normality after the collapse of its banking sector in 2008. But the three large banks that defaulted are still mired in controversy.
Mozambique looks beyond mega projects
August 1, 2011Mozambique’s economy is booming and unlikely to slow down anytime soon. But the majority of the growth is down to its abundant natural resources, which has not trickled down to the bulk of the population. The government is now focusing on boosting the rest of the economy.
Iceland shows challenges of cross-border regulation
August 1, 2011The passporting of financial services across the EU was a much-lauded part of the creation of a single European market. At least until the financial crisis.
Eurozone stress tests prove to be informative
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Mubadala shines in stormy Middle East
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OTE's €500m DCM issue sets Greek challenge for BNP Paribas
June 30, 2011Issuing in Greece in the current climate is a brave move, but that did not stop telecoms company OTE entering the market earlier this year, thus posing quite a challenge for joint lead manager BNP Paribas.
