Investment bank profits poor at Italian pair

By Elly Whittaker, Owen Sanderson, Steven Gilmore
13 Nov 2014

Investment banking profits look poor at the two big Italian banks, UniCredit and Intesa’s investment bank Banca IMI.

UniCredit investment bank’s third quarter profits were down 11.5% relative to the same quarter last year, leaving UniCredit CIB’s net profits for the year so far down 16.4% on 2013. This is despite the bank writing up the value of its loans by €67m. Apart from leaving the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial