UniCredit Buys Back Securities-Services Unit From Societe Generale
UniCredit said it is bringing its securities-services unit back in-house, two decades after outsourcing the business to Societe Generale.
Italy's second-biggest bank, UniCredit MIL:UCG, said it was bringing its securities services unit back in-house, two decades after outsourcing the business to Societe Generale EURONEXT:GLE.The bank confirmed in a statement what Reuters first reported late on Monday citing a union document."The tran…