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UniCredit
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges, is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets (Italy, Germany as HypoVereinsbank, Austria as Bank Austria and eleven Central and Eastern European countries. History Founding through merg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HypoVereinsbank
UniCredit Bank AG, better known under its brand name HypoVereinsbank (HVB), is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth-largest bank in Germany according to the number of its employees. Its registered office is in Munich, and it is a member of the Cash Group. Since 2005, UniCredit Bank AG has been a subsidiary of UniCredit S.p.A., an Italian financial service provider headquartered in Milan. When the transfer resolution was entered in the commercial register in 2008, the equities of the minority shareholders were transferred to the principal shareholder, UniCredit S.p.A., as part of a squeeze-out. HVB thus became a wholly owned subsidiary and has not been listed on a stock exchange since that time. Operating in Germany, HVB mainly focuses on private clients business and corporate banking, customer-related capital market activities and private banking (also known as wealth management). As a mixed mortgage bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credito Italiano
Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to run the retail network of Credito Italiano. On 1 July 2002 the subsidiary received the assets of sister banks to become UniCredit Banca. History Founded on 28 April 1870 in Genoa as Banca di Genova, it took part in the establishment of the Bank of Italy ( it, Banca d'Italia) and opened the first trans-Atlantic banking business with Buenos Aires (1872). Local shareholders were local nobility ( Pallavicino and Balbi), bankers (Quartara, Polleri) and merchants (Lagorio, Dodero, Bacigalupo), creating an initial capital of 3 million Italian lira. It acquired "Banca Vonwiller" of Milan. In the 1890s, the international financial crisis led to refinancing by German and Swiss banks and name change to "Credito Italiano" (1895) With a paid-in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Di Genova
Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to run the retail network of Credito Italiano. On 1 July 2002 the subsidiary received the assets of sister banks to become UniCredit Banca. History Founded on 28 April 1870 in Genoa as Banca di Genova, it took part in the establishment of the Bank of Italy ( it, Banca d'Italia) and opened the first trans-Atlantic banking business with Buenos Aires (1872). Local shareholders were local nobility (Pallavicino and Balbi), bankers (Quartara, Polleri) and merchants (Lagorio, Dodero, Bacigalupo), creating an initial capital of 3 million Italian lira. It acquired "Banca Vonwiller" of Milan. In the 1890s, the international financial crisis led to refinancing by German and Swiss banks and name change to "Credito Italiano" (1895) With a paid-in capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Di Risparmio Di Torino
Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group to merge with Credito Italiano to form UniCredito Italiano (now known as UniCredit). In 2002, Banca CRT was absorbed into the parent company. The former owner of Banca CRT, Fondazione Cassa di Risparmio di Torino (Fondazione CRT), as of 31 December 2013, still owned 2.506% voting rights of UniCredit, as 7th largest shareholder. On 31 December 1999, Fondazione CRT was the second largest shareholder of UniCredit with 14.228% of the total ordinary shares (704,943,077 of 4,954,465,306). History Cassa di Risparmio di Torino was founded in 1827 with a philanthropic ideals, at that time still in the Kingdom of Sardinia. Before 1950s, the bank already acquired the local banks in Casale Monferrato, Pinerolo and Ivrea. In 1991, due to , the daily banking operation, char ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Austria
UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 96.35% owned by Milan-based UniCredit. It was formed in 1991 by merger of Vienna's Länderbank and Zentralsparkasse, acquired Creditanstalt-Bankverein in 1997, and merged with it to form Bank Austria-Creditanstalt (BA-CA) in 2002. Its name reverted to Bank Austria in 2008, as UniCredit, the bank's owner since 2005, phased out the history-laden Creditanstalt brand. History Bank Austria was formed in 1991 by the merger of the troubled Länderbank and Vienna's Zentralsparkasse, in practice a takeover of the former by the latter led by its general director ; the merged entity became Austria's largest bank. In 1996, the Austrian government announced the privatization of Creditanstalt-Bankverein, in which it held a majority stake. In January 1997, Bank Austria acquired the stake for about 1.25 billion euros. In turn, Bank Austria sold a majority stake it held in GiroCredit for 8.24 billio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrea Orcel
Andrea Orcel (; born May 14, 1963) is Group CEO of UniCredit. He previously served as the president of UBS Investment Bank from November 2014 to September 2018. He was poised to take on the role of Chief Executive of Banco Santander from September 2018 to January 2019; however, the job offer was later withdrawn which resulted in him taking legal action against Santander. In December 2021 a judge awarded him €68m in compensation, including 10m for moral damages. Since early 2020, Orcel has been linked to taking over as CEO at a variety of financial institutions including starting his own boutique investment bank, before taking the role of Group CEO at Unicredit. Born in Rome, Italy, Orcel attended the University of Rome, Sapienza, graduating with a degree in economics and commerce. He attended the INSEAD business school in Paris before working at Goldman Sachs and Boston Consulting Group during the late 1980s. In 1992, he was hired by Merrill Lynch & Co. where he spent the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalia
Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia. History Capitalia was formed on 1 July 2002 in a merger of Banca di Roma (and its subsidiary Banco di Sicilia and Mediocredito Centrale) and Bipop Carire (and its subsidiary Fineco). In the same year the bank sold 10 branches from Apulia, Campania and Molise regions to Banca Popolare di Puglia e Basilicata. Capitalia in turn agreed to be taken over by UniCredit in May 2007, becoming part of the second-largest bank in the European Union by stock market value and the sixth-largest in the world. Merger with UniCredit In May 2007, plans were finalized for the buyout of Capitalia by its larger Italian rival, UniCredit. All banks of the Capitalia group in Northern Italy will be reconfigured as UniCredit banks; in turn, all Unicredit banks in the rest of Italy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unicredito
Unicredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of 83.5% versus 16.5%. In 1997 the banking foundation of Cassa di Risparmio di Torino (Banca CRT) joined the group. The group merged with Credito Italiano to form Unicredito Italiano in 1998. Subsidiaries * Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) * Cassa di Risparmio della Marca Trivigiana (Cassamarca) * Cassa di Risparmio di Torino (Banca CRT) Equity investments * Cassa di Risparmio di Trieste * Cassa di Risparmio di Bra * Cassa di Risparmio di Fossano * Cassa di Risparmio di Saluzzo * Banca Cassa di Risparmio di Savigliano Other acquisition * Monte di Credito su Pegno di Vicenza (1996) Shareholders * Fondazione Cariverona * Fondazione Cassamarca * Fondazione CRT Fondazione Cassa di Risparmio di Torino (F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pier Carlo Padoan
Pier Carlo Padoan (; born 19 January 1950) is an Italian economist who served as Minister of Economy and Finance of Italy from 2014 to 2018. Padoan was director of the International Monetary Fund for Italy from 2001 to 2005. On 1 June 2007, he became Deputy Secretary General of the Organisation for Economic Co-operation and Development (OECD). Early life Padoan was born in Rome on 19 January 1950. In the 1970s, he graduated in economics at the La Sapienza University in Rome. During his years at the University, Padoan criticised in the magazine ''Marxist Critic'' the economic theories of John Maynard Keynes, being influenced by the ideas of the Polish economist Michał Kalecki. Academic career Until 2007, he was Professor of Economics at the Sapienza University of Rome. From 1992 until 2001, he also was professor at the College of Europe, Bruges and Warsaw, and a visiting professor since 2001. He was also a visiting professor at Université Libre de Bruxelles, Belgium, Universi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Systemically Important Bank
A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail". As the financial crisis of 2007–2008 unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one does fail, limiting the adverse effects of its failure. In November 2011, the Financial Stability Board (FSB) published a list of global systemically important financial institutions (G-SIFIs). Also in November 2010, the Basel Committee on Banking Supervision (BCBS) introduced new guidance (known as Basel III) that also specifically target SIFIs. The main focus of the Basel III guidance is to increase bank capital requirements and to introduce capital surcharges for G-SIFIs. However, some economists warned in 2012 that the tighter Basel III capital regulation, which is primarily based on ri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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