UniCredit shareholders on
Friday voted to give CEO Andrea Orcel another three-year mandate
and backed the remuneration policy that makes him one of
Europe s best-paid bankers. .
Listen to the audio version of the articleThe update announced by Fitch late Friday night attests to a change of heart from the markets' point of view on
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ROME (AP) Italy’s president on Sunday vetoed a euro-skeptic choice for economy minister, foiling a bid by populists to form Italy’s next government and increasing the prospects of a quick return to the polls, 12 weeks after national elections produced a political impasse.
The pair of rival populists who had agreed to forge a governing coalition together exploded in anger after President Sergio Mattarella announced at the Quirinal presidential palace that he was refusing to appoint a minister whose views could rattle already nervous markets and drive up Italy’s already staggeringly high debt.
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Luigi Di Maio, who was determined to see his anti-establishment 5-Star Movement, Parliament’s largest party, achieve government power for the first time, raised the specter of a move to impeach Mattarella, who, as head of state, must give his approval to any new government.
MILAN -Andrea Orcel fulfilled his dream of becoming a bank boss on Thursday when UniCredit investors backed the veteran dealmaker as chief executive, but disquiet over his pay, among the highest for. | April 15, 2021