Bank Austria (BA) chief Willibald Cernko has said he plans to reduce the financial institute’s workforce level to get through the crisis. The banker announced yesterday (Mon) BA would have only 10,000 employees in Austria in 2015, 800 fewer than it had at the moment. Cernko underlined that sackings were not planned. He explained some […]
Raiffeisen Bank International (RBI) is considering taking a stake in a Polish bank, it has been claimed.Business newspapers report today (Weds) that bosses of the Austrian institute, which handles Raiffeisenzentralbanks (RZB) operations in Central and Eastern Europe (CEE), are negotiating placing an offer for a stake in Polbank EFG.RBI refused to comment the reports, while […]
Works council chiefs are on high alert after new UniCredit boss Federico Ghizzoni revealed plans to save costs.The businessman, who succeeded Alessandro Profumo as chief of Italys biggest bank last month, said in an interview with Rome newspaper La Repubblica yesterday (Tues) that he wanted to “lower costs”.He also stressed: “UniCredit is a healthy bank. […]
A Bank Austria (BA) official has revealed he was “alarmed” by the retirement of UniCredit boss Alessandro Profumo.Profumo, who announced yesterday (Tues) he would step down, has been heavily criticised for failing to prevent Libyan state bodies increase their stake in the Italian institute to 7.5 per cent.The Italian banker guaranteed UniCredits subsidiary BA it […]