UniCredit Suspends Dividend Payments Amid Virus Turmoil

Mar.30 — Italy’s UniCredit SpA suspended dividend payments on 2019 earnings, bowing to European Central Bank pressure to retain capital amid the coronavirus turmoil. Chief Executive Officer Jean Pierre Mustier comments on the decision during an interview with Francine Lacqua on “Bloomberg Surveillance.”


In This Story: Italy

Italy is a republic in central Europe which forms a peninsula in the Mediterranean Sea as well as bordering France, Switzerland, Austria and Slovenia. The islands of Sardinia and Sicily form part of the main territory of Italy. Italy is part of the Eurozone, having entered the common currency on 1st January 1999.

The capital, Rome, is home to the Vatican as well as landmark art and ancient ruins. Other major cities include Florence, with Renaissance masterpieces such as Michelangelo’s “David” and Brunelleschi’s Duomo; Venice, the city of canals; and Milan, Italy’s fashion capital.

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