Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  UniCredit SpA       IT0004781412

UNICREDIT SPA
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Former UniCredit CEO, 19 Others to Stand Trial for "Brontos"

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/05/2012 | 11:26am CET

By Oscar Bodini and Christopher Emsden

ROME--Former UniCredit SpA (>> UniCredit SpA) Chief Executive Alessandro Profumo and 19 other bank officials will have to stand trial for their role in agreeing "Brontos," a financial swap, that investigators say was designed to avoid taxes.

Laura Marchiondelli, a judge in Milan, indicted Profumo--who is now Chairman of Banca Monte dei Paschi di Siena SpA (>> Banca Monte dei Paschi di Siena SpA) and the others Tuesday, accepting the request of prosecutors led by Alfredo Robledo, MF-Dow Jones reported.

The trial's first hearing was set for Oct. 1.

Mr. Profumo and UniCredit have both stated that they acted correctly in the Brontos deal, which was similar to structured-finance transactions entered into by most Italian banks in recent years.

The Milan court had impounded EUR245 million from UniCredit when the charges first emerged last year, but has since released those funds.

-Write to Oscar Bodini of MF-Dow Jones and Christopher Emsden at [email protected]

Order free Annual Report for BANCA MPS (MONTE PASCHI SIENA)

Visit http://djnweurope.ar.wilink.com/?ticker=IT0001334587 or call +44 (0)208 391 6028

Stocks mentioned in the article : UniCredit SpA, Banca Monte dei Paschi di Siena SpA
Valeurs citées dans l'article
ChangeLast1st jan.
BANCA MONTE DEI PASCHI DI SIENA SPA --End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNICREDIT SPA
02/19ZAGREBACKA BANKA D D : Zaba rewarded as a top employer
AQ
02/19UNICREDIT : and Alibaba.com collaborate to support Italian exporters
PU
02/16European Companies Enjoy the Benefits of Stabilizing Bank Industry
AQ
02/15Hedge fund Bridgewater makes $22 billion bet against European firms
RE
02/12UNICREDIT : Italy's UniCredit Appoints Head of Group Wealth Management
DJ
02/12UNICREDIT : appoints Marco Bizzozero as Head of Group Wealth Management
PU
02/12DANSKE BANK : New mandate Sparebanken Sør Boligkreditt AS
AQ
02/08European stocks fall as rebound ends, volatility jumps
RE
02/08UniCredit posts best fourth quarter in a decade as turnaround advances
RE
02/08UNICREDIT : reports 5.5 bn earnings for 2017 (2)
AQ
More news
News from SeekingAlpha
2017DBRS lowers Italy's credit rating 
2016Understanding The Italian Banking Crisis, A New Lead Domino? 
2016Markets Edge Into Holiday Weekend 
2016Italy looks to prop up banking sector 
2016Fortress purchases NPL portfolio from Italy's UniCredit 
Financials (€)
Sales 2018 19 845 M
EBIT 2018 8 286 M
Net income 2018 3 649 M
Debt 2018 -
Yield 2018 2,02%
P/E ratio 2018 10,96
P/E ratio 2019 8,62
Capi. / Sales 2018 1,97x
Capi. / Sales 2019 1,91x
Capitalization 39 036 M
Technical analysis trends UNICREDIT SPA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 20,3 €
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Jean-Pierre Mustier Chief Executive Officer & Director
Giuseppe Vita Chairman
Ranieri de Marchis Co-Chief Operating Officer
Francesco Giordano Co-Chief Operating Officer
Mirko Davide Georg Bianchi Group Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
UNICREDIT SPA47 880
JP MORGAN CHASE & COMPANY7.27%399 678
INDUSTRIAL AND COMMERCIAL BANK OF CHINA10.97%370 748
BANK OF AMERICA8.16%327 856
WELLS FARGO-1.19%294 126
CHINA CONSTRUCTION BANK CORPORATION10.42%290 733