Relevant:
- Italy Bank Rescue Won't Fill $54 Billion Hole on Their Books
- Artradis Joins QVT Lawsuit Against UniCredit Subsidiaries
- UniCredit slashes jobs, eyes 13-bn euros in fresh capital
- Italy banking crisis - UniCredit to sell off shares in desperate bid to avoid collapse
- UniCredit writedowns ring alarm bells for Italian banks
2011-11-19 — bloomberg.com
``imagine the surprise this week when UniCredit SpA (UCG), one of Italy's largest lenders, had the fortitude to acknowledge that its asset values were in need of an 11-figure chopping. The truly unexpected part wasn't that the bank experienced a loss of 10.6 billion euros ($14.3 billion) during the third quarter, but that its management chose to recognize these losses' existence. ''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
