Excerpt

September 3, 2021, Opinion: "On 29 July, following months of closed-door manoeuvring and a management overhaul involving the exit of its CEO, Jean-Pierre Mustier, Unicredit issued its ‘preconditions’ for considering the acquisition of Italian bank Monte dei Paschi di Siena. Founded in 1472 and repeatedly in distress in recent years, MPS was nationalised in 2017 after failing the European stress tests."

HKS MRCBG Research Fellow - Ignazio Angeloni