UniCredit Top Management Waives 2020 Bonus
April 01 2020 - 1:32AM
Dow Jones News
By Olivia Bugault
UniCredit SpA said late Tuesday that members of top management
have decided to waive their 2020 bonus due to the coronavirus
pandemic.
"The equivalent amount will be contributed to UniCredit
Foundation to support initiatives," the Swiss bank said.
UniCredit also withdrew its dividend and buyback proposals
earlier this week.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
April 01, 2020 01:17 ET (05:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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