Unicredit under control for the effects subrime

Following the RAI broadcast of last Sunday, Report, in which the complaint is an exhibition of Unicredit in loans to high risk, UniCredit is under review and Consob asks clarification. The bank argues that this exhibition is of a "marginal" admitting that quantifies its exposure in 277 million euros for loans to high risk members of the budget in late June while those outside the budget quantifies them in 77 million. In detail the case of vehicles outside the financial budget, the conduit, the German HVB in an amount of 28 million, some 28 million the amount Siv (vehicles to buy bonds and debt linked to mortgages) in addition to these funds we are not Americans distributed in Italy but managed the American Pioneer, and therefore the risks are for customers who have invested in funds. The banking group, however, argue that this exhibition is "marginal" and "negligible". The potential losses are estimated by cda in 1 billion, including those earned by customers of Unicredit Banca d'Impresa and local institutions that for this reason are considered equivalent to a "net creditor".

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