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  2. Financial

ECB set to order UniCredit to reduce Russia business

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19 April 2024
Financial
  • Previous Article UBS shuts some China private funds, will lay off staff
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FILE PHOTO: A view shows the board of the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/File PhotoBusiness & Finance

Reuters exclusively reported[1] that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with Russia as the regulator exerts pressure to choke off European financial ties with Moscow. 

Market Impact

Read more https://www.reutersagency.com/en/reutersbest/article/ecb-set-to-order-unicredit-to-reduce-russia-business/

  • Previous Article UBS shuts some China private funds, will lay off staff
  • Next Article Abu Dhabi's largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

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