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UniCredit CEO Jean-Pierre Mustier: ‘Mergers can only work with cost cuts’

Mustier talks to FN about how Europe lost the corporate and investment banking battle and the importance of simplicity

UniCredit CEO Jean-Pierre Mustier: ‘Mergers can only work with cost cuts’
Photo: Danilo Agutoli

Jean-Pierre Mustier is ready to pounce, but he prefers to wait for others to agree to his terms.

The chief executive of UniCredit, Italy’s second-largest bank, is widely seen as the next consolidator-in-chief of Europe’s fragmented banking sector.

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