Select a language
"UniCredit board loses faith in Profumo," leads Il Sole 24 Ore, after the CEO resigned from Italy’s No 1 bank. The board of directors censured Profumo for letting Libya take the biggest stake in the bank without apprising them. “Who’s afraid of a maverick bank?” asks the Italian daily. Elsewhere, Milan'sLa Repubblica explains that Profumo, one of the few maverick managers in Italy, had a number of political enemies – starting with the Northern League, whose bid for greater sway in the bank sector he firmly opposed.
Do you like our work?
Help multilingual European journalism to thrive, without ads or paywalls. Your one-off or regular support will keep our newsroom independent. Thank you!
Read more on this topic
