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Italian bank UniCredit said Friday it will build a financial services support center in the Polish city of Szczecin to serve its clients in Germany and Austria.
Italy's largest bank Unicredit said Tuesday it will suspend mortgage payment requirements for 12 months without penalties for homeowners in financial difficulty.
Italy's largest bank, Unicredit, said Friday that compensating customers who bought index-linked notes related to Lehman Brothers securities would cut 2008 profits by euro106 million ($137 million).
Unicredit, Italy's largest bank, said Wednesday third-quarter net profit dropped 54 percent due to a decrease in fee income and trading losses caused by the financial crisis.
Unicredit Chief Executive Alessandro Profumo acknowledged Monday that Italy's largest bank had underestimated the significant market changes since the collapse of the U.S. investment bank Lehman Brothers, forcing the board to seek a capital increase and cut profit forecasts.
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