FILE PHOTO: The UniCredit bank headquarters in Milan, Italy, March 27, 2017. REUTERS/Stefano Rellandini/File Photo
By keeping its assets in Germany, Austria, Eastern Europe and Turkey away from Italy, UniCredit could reduce their Italian identity - and associated credit rating - making their funding cheaper, the sources said. The new plan is an indication of Mustier’s belief that the Italian economy is holding back UniCredit’s share price and risks pushing up the bank’s funding even more if the economic outlook deteriorates.
UniCredit trades at 0.5 times book value, among the lowest levels in the industry, despite having a better than average return on equity. Its share price has fallen 30% since April last year, wiping out much of the rally it had after Mustier took charge.
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Italy's biggest bank UniCredit stock: may 2015 32,64. now 11,74. who believes an italian bank
It’s pretty easy actually. Just go to Olive Garden.
bruh