UNICREDIT is leaning towards repaying a perpetual bond at the earliest opportunity in June, a source close to the matter told Reuters, in a move to show it has ample capital while keeping funding costs in check as markets reel from a crisis of confidence.
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Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses.