UniCredit may make announcement later on Friday on CEO Mustier’s future: sources By Reuters


MILAN (Reuters) – Italy’s biggest bank UniCredit (MI:) may make an announcement as early as Friday night on the future of boss Jean Pierre Mustier, two sources familiar with the matter said, after reports he is vying for the top job at rival HSBC (L:).

Shares in UniCredit fell 3.9% on Friday, against a 2.3% drop in Italy’s banking index (), hit by reports of Mustier’s possible departure.

A third source familiar with the matter had said earlier on Friday Mustier was a candidate to succeed HSBC interim CEO Noel Quinn who earlier this week unveiled a major overhaul at the bank, its third since the financial crisis.

Speaking on condition of anonymity because deliberations are private, the sources said the bank was considering whether to make an announcement but there was no certainty that it would.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*