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The English Court recently confirmed that sanctions do not excuse non-payment to a non-sanctioned party where the aircraft lease arrangements and related letters of credit were created before sanctions came into effect: Celestial Aviation Services Limited, Constitution Aircraft Leasing (Ireland) 3 Limited and another v UniCredit Bank AG (London Branch) [2023] EWHC 663 (Comm). [read post]
23 Oct 2019, 5:14 pm by anne
  Examples of recent recoveries in enforcement proceeding that feature money-laundering allegations include: UniCredit Bank AG – In April, 2019, the German bank agreed to pay more than $1.3 billion to resolve allegations that it processed hundreds of millions of dollars in financial transactions through U.S. financial institutions for the benefit of entities and individuals subject to U.S. sanctions. [read post]
11 Jan 2010, 3:31 am by Andrew Lavoott Bluestone
Creditanstalt Investment Bank AG, which later merged with UniCredit Bank Austria AG, claimed the investment vehicle fueled an investigation by Russian authorities beginning in 1999 that ultimately resulted in the seizure of bank accounts and the bank pulling out of Russia. [read post]
19 Feb 2012, 6:35 am by Krekor
The lawsuit filed by the attorney general’s office seeks restitution for all consumers harmed by Unicredit’s allegedly unfair trade practices, along with civil penalties of up to $1,000 for each violation or up to $3,000 for each violation involving a victim age 60 or older. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
Deutsche Bank, Commerzbank, BNP Paribas, ING, Santander, UniCredit and BBVA are among 22 backers of an effort, dubbed the European Payments Initiative (EPI), that’s seeking to move the EU’s cross-border payments industry beyond the influence of Washington. [read post]
15 Oct 2021, 9:17 am by Kristian Soltes
Deutsche Bank, Commerzbank, BNP Paribas, ING, Santander, UniCredit and BBVA are among 22 backers of an effort, dubbed the European Payments Initiative (EPI), that’s seeking to move the EU’s cross-border payments industry beyond the influence of Washington. [read post]
17 Jan 2020, 11:14 am by luiza
UniCredit – Coming in at a close second is UniCredit Bank AG and its affiliated entities, who agreed to pay more than $1.3 billion to resolve criminal charges and allegations of unlawful conduct for processing hundreds of millions of dollars in transactions on behalf of Iranian entities, including a sanctioned manufacturer of weapons of mass destruction – talk about a bombshell announcement. [read post]
1 Mar 2019, 5:57 am by Samuel Cohen
A recent deal to reach the EUR 3bn threshold is Project Sandokan 2, promoted by UniCredit, which involves PIMCO, GWM Group and Aurora Recovery Capital (as servicer), which is expected to close within the coming months. [read post]
29 May 2020, 6:10 am by Shannon O'Hare
AG (German public limited company): the minimum shareholding must also be more than 10 per cent for the loan to be subordinated. [read post]
4 Oct 2021, 6:24 am by Shannon O'Hare
However, there is a risk of a banking licence “look through& [read post]
8 Mar 2009, 6:30 am
It's a chart showing the deterioration of major bank market caps since 2007. [read post]