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first_img More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect HealthyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Unicredit hurt as its trading income drops Show Comments ▼ ITALY’S UniCredit SpA will keep investing in high-return eastern Europe and won’t curb its investment bank, new chief executive officer Federico Ghizzoni said after sluggish volumes and high tax dragged profit below forecasts.In his first earnings presentation since taking over on 30 September from Alessandro Profumo, Ghizzoni said he did not plan to reduce the bank’s presence in eastern Europe, nor was he looking to cut investment in its investment bank or in its second-largest market Germany.Third-quarter net profit at UniCredit, whose network extends into Kazakhstan, reached €334m (£288.9m), above the previous quarter but 15 per cent down from a year ago and below an average analyst forecast of €379m.“The main reasons for the negative deviations result from weaker-than-expected top-line trends in net commission income and net interest income, as well as the high tax ratio and an increase in minorities,” said WestLB analyst Christoph Bossmann.“The results are not yet convincing. As long as loan volumes remain subdued and the interest rate environment remains low we forecast the earnings recovery to be delayed,”?he added.UniCredit ruled out a capital increase as it said that “cumulative retained earnings (by 1 January 2013) will be sufficient to offset the full impact of Basel … even assuming no phase-in and conservative assumptions on mitigation.”The bank was forced to tap shareholders and to scrap cash dividends during the credit crisis, angering Italian investors who blamed Profumo’s risk-taking for the bank’s woes. UniCredit said its core Tier 1 ratio, a closely-watched sign of financial strength, had inched up to 8.61 per cent. whatsappcenter_img whatsapp Wednesday 10 November 2010 7:26 pm Share KCS-content Tags: NULLlast_img

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