UniCredit hits back after Caius challenges its Cashes

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UniCredit hits back after Caius challenges its Cashes

Jasper Cox
May 10, 2018 08:00 PM
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Piazza Gae Aulenti of Milan, Italy. Designed by the Argentine architect Cesar Pelli, inaugurated in 2012. It is a circular elevated square, 100 meters in diameter, the buildings around it: the Unicredit Tower and the Solar Tree, a lighting system that plays with the effects of light in the water source. April 2, 2018 milan italy (Photo by Oscar Gonzalez/NurPhoto/Sipa USA) | NurPhoto/SIPA USA/PA Images

Hedge fund Caius Capital caused a stir this week with its assertion that a swathe of UniCredit’s capital is receiving the wrong regulatory treatment. The bank resoundingly denied it was in trouble, but the dispute has shone a light on the unclear complexity of the treatment of legacy instruments.

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