Fears for City Jobs After Unicredito Bags Hvb

Evening Standard - London (June 13, 2005)

Author: Allan Hall

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Summary

HUNDREDS of City investment and private-banking jobs face an uncertain future after UniCredito Italiano's takeover of Germany's HVB and its eastern European units in a deal worth e15.4 billion (Pounds 10.5 billion).

It is Europe's biggest cross-border banking takeover.

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Extract

Fears for City Jobs After Unicredito Bags Hvb

But as many as 10,000 jobs are under threat, mostly in Germany, according to experts there and in Italy.

The purc...

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