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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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 chris.emsden@dowjones.com

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNICREDIT SPA
02/23 UniCredit's 13 billion euro share issue almost fully subscribed
02/23DJUNICREDIT : Says EUR13 Billion Rights Issue Concluded Successfully
02/23 SHARE CAPITAL INCREASE OF UNICREDIT : subscribed 99.8% of the offering correspon..
02/23 AUMENTO DI CAPITALE UNICREDIT : sottoscritto il 99,8% dell'offerta per un ammont..
02/22 Italian banks struggle to break free from soured debt cycle
02/21 UNICREDIT : Leasing companies will reimburse some of the money
02/17 UNICREDIT : Milan bourse closes 0.4% down
02/17 UNICREDIT : rights surge 8.8%
02/15 UNICREDIT : Publication of the Supplement to the Prospectus - English version an..
02/15 UNICREDIT : Pubblicazione di un Supplemento al Prospetto - Versione in lingua in..
More news
Sector news : Banks - NEC
01:38a CITIGROUP : Citi says U.S. regulators are investigating its hiring practices
12:20aDJCITIGROUP : Confirms Investigations Over 'Princelings' Hiring Practices
02/24DJIntesa Sanpaolo Won't Make Takeover Bid for Assicurazioni Generali
02/24 Sweden drops plans for bank tax, proposes higher resolution fund fee
02/24 Italian financial mega-deal off as Intesa ditches Generali plan
More sector news : Banks - NEC
News from SeekingAlpha
01/16 DBRS lowers Italy's credit rating
2016 Understanding The Italian Banking Crisis, A New Lead Domino?
2016 Markets Edge Into Holiday Weekend
2016 Italy looks to prop up banking sector
2016 Fortress purchases NPL portfolio from Italy's UniCredit
Advertisement
Financials (€)
Sales 2017 20 344 M
EBIT 2017 7 904 M
Net income 2017 2 673 M
Debt 2017 -
Yield 2017 3,40%
P/E ratio 2017 8,16
P/E ratio 2018 6,70
Capi. / Sales 2017 1,36x
Capi. / Sales 2018 1,34x
Capitalization 27 685 M
More Financials
Chart UNICREDIT SPA
Duration : Period :
UniCredit SpA Technical Analysis Chart | IT0004781412 | 4-Traders
Full-screen chart
Technical analysis trends UNICREDIT SPA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 15,8 €
Spread / Average Target 27%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jean-Pierre Mustier Chief Executive Officer
Giuseppe Vita Chairman
Ranieri de Marchis Co-Chief Operating Officer
Francesco Giordano Co-Chief Operating Officer
Marina Natale Chief Financial Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
UNICREDIT SPA-1.61%29 316
JPMORGAN CHASE & CO.5.53%326 087
WELLS FARGO & CO5.90%293 755
BANK OF AMERICA CORP12.17%247 094
INDUSTRIAL AND COMMRCL..6.58%242 984
CHINA CONSTRUCTION BAN..9.74%208 691
More Results