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Pegasus Europe aims to thaw European reserve towards special purpose acquisition vehicles
LVMH founder and ex-UniCredit CEO launch vehicle to invest in European financial companies
Outgoing chief at Italian lender posts ‘impressive’ final annual profit of €1.3bn despite substantial impairment
Shake-up at region’s top lenders leads to questions over how long replacements will last
Italian lender’s board to decide on replacement for Jean Pierre Mustier within next four weeks
Mustier’s departure reflects tensions playing out the world over from the US presidential election to Brexit
Elite jobs are notoriously inaccessible to newcomers — Cerberus’s failed Deutsche coup being the latest example
The internationally-minded chief executive clashed with the bank’s Italian board
Revolving leadership at the continent’s top banks reflects the barriers to entry for industry outsiders
Governments should not press well-run banks to mop up the mistakes of badly-run lenders
Unexpected decision comes after heated board meeting at Italian bank
Appointment seen as clear signal country’s largest bank will be forced to play role in sector consolidation
Jean Pierre Mustier’s nascent turnround derailed as bank slips to first-quarter loss
Industry group says it should preserve firepower for lending to virus-hit customers
UniCredit chief’s decision means search for CEO for Europe’s biggest lender continues
HSBC, UBS, Intesa/UBI Banca, Odey, Franklin/Legg Mason, Morgan Stanley/ETrade and more
Jean Pierre Mustier has emerged as leading rival to interim boss Noel Quinn
At some point, when interest rates rise and asset bubbles burst, lenders will suffer
Intervention comes as debate over how banks can tackle climate change intensifies
Shareholders barely blinked when the Italian lender announced a share buyback plan
Italian bank moves in the right direction with Mediobanca disposal
Third-quarter profits at Italy’s largest bank by assets jump 25% to €1.1bn
Chief says charges would apply to customers with deposits ‘well above €100,000’
Mustier says other eurozone bank bosses must consider how negative rates were a ‘net positive’ for economy
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