UniCredit

Marco Annunziata, chief economist at UniCredit, said the main message from the weekend summit had been very pragmatic.

UniCredit points to its exposure to Russia, Turkey and Poland, which it says combine size with low banking-sector volatility.

And having built a commanding presence across eastern Europe and in Turkey it would be bizarre for UniCredit to withdraw now.

Eventually, he says, he would like to sell most of UniCredit's loans, once European securitisation markets are harmonised .

The last time UniCredit needed capital the Libyan sovereign-wealth fund was happy to oblige. Its stake of 7. 6% is now frozen.

"If US growth is not enough to give us a big payrolls figure, it's deemed a disaster, " says Marco Annunziata at UniCredit.

Andreas Rees, economist at Unicredit in Munich, said: "German companies will remain on a roll for the time being. "

As Marco Annunziata of UniCredit, an Italian bank, points out, California's debt amounts to less than 1% of America's GDP.

The success of German-based firms in Asia's export markets has benefited suppliers in eastern Europe, notes Gillian Edgeworth, of UniCredit.

Leadership changes at other banks coincide with big questions about their future strategy: will UniCredit retrench?

"There is no abrupt [German] slowdown ahead in the coming months, " said Andreas Rees at Unicredit in Munich.

Shares in Unicredit, Europe's 7th biggest bank and staffed by ex-McKinseyites, have performed no better than its peers this decade.

Recent data are more encouraging, says Gillian Edgeworth at UniCredit.

"The first signs of improvement in the eurozone business cycle are starting to emerge, " said Marco Valli, economist at UniCredit.

"The German patient is on the road to recovery though he's still sickly, " said UniCredit economist Andreas Rees.

Economists at UniCredit really went to town, feeding in macroeconomic data to complex mathematical models in a bid to predict the winner.

Only UniCredit of Italy has a comparable spread, if its banks in the Baltic states and Turkey are included.

"The euro area has entered a deep recessionary spiral" , said Aurelio Maccario, an economist at UniCredit, an Italian bank.

Marco Annunziata, the chief economist at UniCredit, says a "stress-test lite" won't be much use.

Marco Annunziata, chief economist at UniCredit Group, said that reaction might not last.

The boss of UniCredit, an Italian bank, has reportedly asked the ECB to accept a broader range of collateral.

UniCredit calculates that, by assets, it is the biggest regional player.

UniCredit was transformed under his watch with the acquisition of HVB, a German firm, in 2005.

The EBRD is putting 432m euros ($590m) into UniCredit, an Italian bank heavily exposed in eastern Europe.

Two decades after the fall of the Berlin Wall, Erste, RBI and UniCredit are benefiting from their early commitment.

It will have a market value of euro 65 billion ($85 billion), close to UniCredit, the country's largest bank by that measure.

Intesa and UniCredit's shares are down 20 and 25 per cent respectively in the past eight days.

its shares have dropped by about 60% from their high in 2007, compared with about 70% at UniCredit.

Meanwhile, UniCredit, which acquired Germany's HVB last year, needs to expand in Italy.

At the same time need to change the field 41D, 42A and 53A because the Unicredit is recognized from your bank and authorized to pay.