The current economic situation, heavily influenced by the war in Ukraine it has fueled new concerns linked to traditional economic systems that allow a traditional lifestyle: being the current world highly globalized, with increasingly important and polarizing credit institutions, there are many factors that can send even very famous banks into difficulty. The problematic situation of Unicredit it has been going on for many years and represents one of the problems congenital of our country. But is there a real risk of failure?
Development, problems, collapses and rebirth
Unicredit, for several years called Italian Unicredito, was born from the merger between Credito Italiano and Unicredito in 1998 and immediately began a real work of “absorption” of “minor” banks. Right from the start, the administration’s goal is to develop a “modern” and European banking group even if the economic crisis of 2008 complicates things a lot: between 2008 and 2009 Unicredit manages to “survive” even if it has to do recourse to two substantial capital increases.
The foundations of Unicredit are shaking: risk of bankruptcy?
A new collapse of shares in 2011 led to a new internal reorganization, which will be followed by a third capital increase, up to a fourth dated 2017. Currently Unicredit is in a transaction phase to regain economic and financial stability: in 2019 it sells part of the market shares of Fineco and Mediobanca.
News of a few hours ago is the filing of documents by merger by incorporation of Cordusio Sim in the banking group, a further “move” in what is a constant reorganization work. However, the group has been showing profits for several years, so barring further shocks, perhaps not caused by the negligence of the group, should not jeopardize the stability of the Unicredit group which is particularly relevant also in Europe. In Italy it appears to be the second banking group in terms of circulation and market share, after Intesa Sanpaolo.
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