|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||12.46 - 12.46|
|52-week range||8.03 - 15.61|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
MILAN (Reuters) -UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy's second-biggest bank in 2021-2022 warrant an increase, a document on its website showed. UniCredit Chairman Pier Carlo Padoan said in an emailed comment late on Friday that the bank's remuneration committee would make a recommendation to the board on the CEO's pay "incorporating views of investors and wider stakeholders," adding the CEO himself had not asked for a raise. UniCredit's latest remuneration report noted that the CEO's current pay structure and a regulatory ceiling - that caps variable pay at twice the fixed amount - prevented the bank from rewarding over-performance when targets were exceeded.
MILAN (Reuters) -UniCredit will give employees in Italy a one-off payment of 2,400 euros ($2,526) to reward productivity and help them to weather rising prices, Italy's second-biggest bank said on Friday. As part of a broad accord signed with unions on Thursday, UniCredit will also pay for 850 branch employees who would qualify for pension by the end of 2029 to opt for early retirement, and replace them with new staff under 35. The early exits, which will take place by the end of 2024, are expected to cost UniCredit around 170 million euros, a source close to the matter said.
Italy's second-biggest bank UniCredit said on Thursday it had repurchased 1 billion euros' ($1 billion) worth of its own shares, meeting its payout goals for the year. UniCredit gained supervisory approval for the second buyback in September, when the European Central Bank judged its capital buffers sufficiently robust to withstand a reduction as Europe's economy heads towards a recession. But since then the economic outlook has darkened and the ECB has stepped up scrutiny of banks' payout plans to make sure they take properly into account recession risks.