- Reuters
UniCredit CEO says digital euro "very good" plan if banks fully involved
Plans for a digital euro will be a "very good" thing for the currency bloc and its lenders if banks remain central to the flow of money as they are at present, UniCredit Chief Executive Andrea Orcel said on Tuesday. "It's a matter of sovereignty for Europe: we cannot not have a digital euro," Orcel told a conference organised by Italian bank Mediobanca. The European Central Bank is looking to launch a digital currency that could reduce the euro zone's reliance on legacy electronic payment systems operated by U.S. companies, such as Visa or Mastercard, and counter the emergence of non-European online payments providers such as Paypal.
- Bloomberg
UniCredit Plans Risk Transfers Tied to €8.5 Billion of Loans
(Bloomberg) -- UniCredit SpA is working on three significant risk transfer deals linked to as much as €8.5 billion ($9 billion) of loans to Italian and German companies, according to people familiar with the matter.Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanStocks Struggle to Make Headway on Economic Signs: Markets WrapCiti Pitches Money-Moving ‘Crown Jewel’ as Central to RevampFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanThes
- Zacks
Here's Why Momentum in UniCredit (UNCFF) Should Keep going
If you are looking for stocks that are well positioned to maintain their recent uptrend, UniCredit (UNCFF) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
