UniCredit to change structure to reduce funding cost

By Jasper Cox
09 May 2019

UniCredit provided details of its intention to strengthen its balance sheet further on Thursday, as it produced a well-received set of earnings results.

The bank said that it will change its group structure to increase “optionality and flexibility”, and that in particular this will improve its cost of funding against a variety of potential economic backdrops.

Last November, the bank said it would move to a model in which all of its ...

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