|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.4816 - 0.5320|
|52-week range||0.4816 - 0.5320|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Italian bank UniCredit <CRDI.MI> on Tuesday named economist Pier Carlo Padoan as director and said it would appoint the former Treasury chief as chairman when it renews the board next spring. The choice of Padoan, 70, a parliamentarian for the ruling centre-left PD party, comes as consolidation sweeps through Europe's battered banking sector, piling pressure on CEO Jean Pierre Mustier to drop his "no M&A" mantra. As economy minister in two successive PD governments, Padoan oversaw the bailout of Italy's oldest bank, Monte dei Paschi, which the government is now seeking to re-privatise.
Fiat Chrysler Automobiles said the terms of its alliance with Peugeot SA had not changed after Il Sole 24 Ore reported that it is considering ways to cut a planned 5.5 billion euro of special dividend distribution to its shareholders.
Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders. A spokesman for FCA dismissed the report on possible changes to the dividend in Italian business daily Il Sole 24 Ore, while PSA said it remained "lucid in the face of the regular speculations to which this merger project is subject". "The structure and terms of the merger are agreed and remain unchanged," the FCA spokesman said.