Jean Pierre Mustier, chief executive of UniCredit and chairman of the European Banking Federation, has led the industry’s support for the European Central Bank’s request last Friday that banks should suspend dividends and share buybacks until at least October.
Mustier – speaking to Euromoney earlier this week – gives a stark warning to those who do not support the measure. “We cannot avoid a financial crisis, although it is too early to say in what form,” he says.
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