|
UniCredit
UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a 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 Borsa Italiana and Frankfurt Stock Exchange and 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, Russia and nine other Central and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrea Orcel
Andrea Orcel (; born May 14, 1963) is an Italian investment banker who is CEO of UniCredit. He was the president of UBS, 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take on the role of Chief Executive of Banco Santander from September 2018 to January 2019; however, the job offer was withdrawn which resulted in him taking legal action against Santander.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. Orcel started his own boutique investment bank before taking the role at UniCredit. Orcel is a controversial figure in European business and international banking. He has been called one of the most successful investment bankers of his generation. Orcel has also been routinely criticized for his abrasive management style, overworking subordinates, and being hyper-competitive. Early life and education Andrea Orcel was born on May 14, 1963, in Rome, Rome, Italy. His father ran a small Lease, leasing comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Di Genova
''Credito Italiano'', often referred to by the shorthand Credit, was a significant Italian bank based in Milan. It was established in 1895, succeeding the ''Banca di Genova'' established in 1870 in Genoa. In 1998 it merged with Unicredito to form Unicredito Italiano, later known as UniCredit. Soon afterwards, UniCredit created a new subsidiary of the same name to run the retail network of Credito Italiano. On 1 July 2002, that subsidiary received the assets of sister banks to become UniCredit Banca. Bank of Genoa and establishment of Credito Italiano The was founded on 28 April 1870, with an initial capital of 3 million lire. Its shareholders included local nobility ( Pallavicino and Balbi), bankers (Quartara, Polleri) and merchants (Lagorio, Dodero, Bacigalupo). In 1872, it opened the first trans-Atlantic banking business with Buenos Aires. In 1895, in the aftermath of a major financial crisis in Italy, the Bank of Genoa was reorganized with support from Italian and forei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalia
Capitalia was an Italian banking group headquartered in Rome, in existence between 2002 and 2008. 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, al ... [...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. Since April 2021 he is Chairman of the Board of Directors of the Italian bank UniCredit. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milano
Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the second-most-populous city proper in Italy after Rome. The city proper has a population of nearly 1.4 million, while its metropolitan city has 3.2 million residents. Within Europe, Milan is the fourth-most-populous urban area of the EU with 6.17 million inhabitants. According to national sources, the population within the wider Milan metropolitan area (also known as Greater Milan) is estimated between 7.5 million and 8.2 million, making it by far the largest metropolitan area in Italy and one of the largest in the EU.* * * * Milan is the economic capital of Italy, one of the economic capitals of Europe and a global centre for business, fashion and finance. Milan is recognized as a leading alpha global city, with strengths in the fields of art, chemicals, commerce, design, education, entertainment, finance, healthcare, media (comm ... [...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 2008 financial crisis unfolded, the international community moved to protect the global financial system through preventing the failure of SIFIs, or, if one did 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). In November 2010, the Basel Committee on Banking Supervision (BCBS) introduced new guidance (known as Basel III) that also specifically target SIFIs. The 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 risk-weighted assets, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milan
Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nearly 1.4 million, while its Metropolitan City of Milan, metropolitan city has 3.2 million residents. Within Europe, Milan is the fourth-most-populous List of urban areas in the European Union, urban area of the EU with 6.17 million inhabitants. According to national sources, the population within the wider Milan metropolitan area (also known as Greater Milan) is estimated between 7.5 million and 8.2 million, making it by far the List of metropolitan areas of Italy, largest metropolitan area in Italy and List of metropolitan areas in Europe, one of the largest in the EU.* * * * Milan is the economic capital of Italy, one of the economic capitals of Europe and a global centre for business, fashion and finance. Milan is reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. 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 market (specialized businesses). Unlike commercial banks and retail banks, inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FTSE MIB
The FTSE MIB (Milano Indice di Borsa) (the S&P/MIB prior to June 2009) is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange. The index was administered by Standard & Poor's from its inception until June 2009, when this responsibility was passed to FTSE Group FTSE International Limited trading as FTSE Russell ( "Footsie") is a British provider of stock market index, stock market indices and associated data services, wholly owned by the London Stock Exchange (LSE) and operating from premises in Canary ..., which is 100% owned by the Borsa Italiana's parent company London Stock Exchange Group. Record values Both the intraday and closing high were 50,109.00 on 6 March 2000. Annual returns The following table shows the annual development of the FTSE MIB, which was calculated back to 2003. Components : See also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurt Stock Exchange
The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel. With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Trading venues Xetra and Börse Frankfurt Through its Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchange. * Xetra is the refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
