Investors in Italian lender UniCredit have been wondering what new Chief Executive Officer Andrea Orcel will do with its billions of euros of excess capital. Would he reward shareholders for their patience after years focused on unloading its huge pile of bad loans, or would the former investment banker and dealmaker pursue a major takeover?
Orcel’s answer at Thursday’s strategy update day was: Both!
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December 10, 2021 at 01:30PM
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UniCredit's Andrea Orcel Shows That Cash Is Still King - Bloomberg
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