Italian lender UniCredit SpA (UCG, UNCFF.PK) announced that the company and its subsidiaries, UniCredit Bank AG or UCB and UniCredit Bank Austria AG or UCBA have agreed to pay penalties totaling approximately $1.
Source: www.rttnews.com
UniCredit SpA and its subsidiaries, UniCredit Bank AG and UniCredit Bank Austria AG will pay penalties totaling ~$1.3 billion to U.S. and New York authorities over allegations of violations related to U.S. economic sanctions and related New York State laws in the period from 2002-2012. The banks also agreed to implement certain remedial policies and procedures.
