UniCredit plans to split its funding strategy
UniCredit said in its third quarter results on Thursday that it would move to a model in which all of its legal entities were self-funding, gradually minimising its intra-group exposure.
Though chief executive Jean Pierre Mustier did not expand much on the plans, and it only merited a line in the bank’s presentation, UniCredit said it was “to further enhance the group’s risk profile… given the current volatility across a number of markets”.The bank’s main banking entities ...
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