Unicredit's CEO Ghizzoni says the bank plans to move some functions of its German unit, Hypovereinsbank, to Milan in an effort to cut costs, with a restructuring plan on how this will be achieved to be presented by the end of the year. Ghizzoni also confirmed that there is no plan to sell the German unit.
Unicredit's CEO Federico Ghizzoni says the bank plans to move some functions of its German unit, Hypovereinsbank, to Milan in an effort to cut costs, with a restructuring plan on how this will be achieved to be presented by the end of the year. Ghizzoni also confirmed that there is no plan to sell the German unit.